James M. Benson Sells 34,932 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DT) CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Dynatrace Stock Up 1.7 %

DT opened at $62.45 on Thursday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The firm has a market capitalization of $18.69 billion, a P/E ratio of 39.03, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. The stock’s 50 day moving average price is $55.44 and its two-hundred day moving average price is $53.01.

Hedge Funds Weigh In On Dynatrace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Dynatrace in the second quarter valued at about $567,000. CWM LLC grew its stake in shares of Dynatrace by 199.8% in the 3rd quarter. CWM LLC now owns 7,066 shares of the company’s stock valued at $378,000 after purchasing an additional 4,709 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Dynatrace by 600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock worth $112,000 after buying an additional 1,800 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Dynatrace during the 3rd quarter worth approximately $1,042,000. Finally, Creative Planning grew its position in Dynatrace by 46.7% in the third quarter. Creative Planning now owns 25,892 shares of the company’s stock valued at $1,384,000 after acquiring an additional 8,247 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DT. Rosenblatt Securities restated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley boosted their target price on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average 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.