Insider Selling: Dynatrace, Inc. (NYSE:DT) CEO Sells 40,000 Shares of Stock

Dynatrace, Inc. (NYSE:DT - Get Free Report) CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Dynatrace Price Performance

NYSE DT traded down $1.45 during trading hours on Friday, reaching $59.79. The company's stock had a trading volume of 2,823,669 shares, compared to its average volume of 3,433,855. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $63.00. The stock has a market cap of $17.90 billion, a P/E ratio of 37.37, a P/E/G ratio of 7.10 and a beta of 1.04. The firm has a fifty day simple moving average of $56.08 and a 200-day simple moving average of $53.84.

Hedge Funds Weigh In On Dynatrace

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in Dynatrace by 40.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Dynatrace in the 4th quarter valued at about $38,000. Coppell Advisory Solutions LLC increased its stake in shares of Dynatrace by 1,423.4% in the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock worth $39,000 after acquiring an additional 530 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after acquiring an additional 606 shares during the period. Institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

DT has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Stifel Nicolaus upped their target price on Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday. Rosenblatt Securities restated a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Loop Capital boosted their price target on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Finally, Guggenheim reiterated a "neutral" rating on shares of Dynatrace in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.04.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.