Rick M. Mcconnell Sells 40,000 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at $30,631,224. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dynatrace Price Performance

Dynatrace stock opened at $59.79 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The stock has a market capitalization of $17.90 billion, a P/E ratio of 37.37, a P/E/G ratio of 7.05 and a beta of 1.04. The firm’s 50-day moving average is $56.08 and its two-hundred day moving average is $53.93.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently modified their holdings of DT. Dragoneer Investment Group LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth approximately $242,380,000. Alyeska Investment Group L.P. acquired a new stake in shares of Dynatrace in the fourth quarter worth approximately $204,000,000. Norges Bank acquired a new stake in shares of Dynatrace in the fourth quarter worth approximately $192,284,000. Holocene Advisors LP acquired a new stake in shares of Dynatrace in the third quarter worth approximately $126,592,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dynatrace in the fourth quarter worth approximately $102,209,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DT has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group upped their price target 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. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.25.

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.