Insider Selling: Dynatrace, Inc. (NYSE:DT) Director Sells 2,500 Shares of Stock

Dynatrace, Inc. (NYSE:DT) Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dynatrace Price Performance

DT opened at $62.45 on Thursday. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. The company’s 50 day simple moving average is $55.39 and its two-hundred day simple moving average is $52.94. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Institutional Investors Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverview Trust Co grew its holdings in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Dynatrace by 40.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after acquiring an additional 176 shares during the last quarter. Paladin Wealth LLC acquired a new position in shares of Dynatrace during the 3rd quarter valued at about $38,000. UMB Bank n.a. grew its holdings in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after purchasing an additional 535 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Dynatrace during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DT. Barclays boosted their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. UBS Group increased their target price on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. BMO Capital Markets lifted their price target on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and a consensus target price of $61.74.

Dynatrace Company Profile

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.