Insider Selling: Dynatrace, Inc. (NYSE:DT) CEO Sells 50,000 Shares of Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at approximately $33,505,230.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dynatrace Stock Up 1.0 %

DT traded up $0.54 during trading hours on Tuesday, hitting $52.09. The stock had a trading volume of 4,708,557 shares, compared to its average volume of 3,473,403. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The company’s fifty day simple moving average is $46.97 and its 200 day simple moving average is $46.42. The stock has a market cap of $15.53 billion, a PE ratio of 99.13, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. As a group, equities analysts expect that Dynatrace, Inc. will post 0.71 EPS for the current year.

Institutional Investors Weigh In On Dynatrace

Several institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Dynatrace by 3,813.3% during the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Dynatrace in the 2nd quarter worth approximately $26,000. DSM Capital Partners LLC purchased a new stake in Dynatrace in the fourth quarter worth approximately $28,000. Finally, Rise Advisors LLC purchased a new stake in Dynatrace in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DT. Wells Fargo & Company dropped their price target on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. BMO Capital Markets upped their target price on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Scotiabank lifted their price target on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 8th. Piper Sandler initiated coverage on shares of Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.70.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.