Dynatrace, Inc. (NYSE:DT) Director Sells $275,000.00 in Stock

Dynatrace, Inc. (NYSE:DT) Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This represents a 0.00 % 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 Stock Down 1.7 %

Shares of DT traded down $0.93 during mid-day trading on Tuesday, hitting $53.68. 2,746,300 shares of the company traded hands, compared to its average volume of 3,411,991. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The business has a 50 day moving average of $50.76 and a 200 day moving average of $47.31. The company has a market capitalization of $16.01 billion, a PE ratio of 103.79, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06.

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

Hedge Funds Weigh In On Dynatrace

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the last quarter. US Bancorp DE boosted its stake in shares of Dynatrace by 89.7% during the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after acquiring an additional 22,928 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Dynatrace during the first quarter valued at $5,546,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Dynatrace by 640.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after acquiring an additional 157,739 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Dynatrace during the second quarter worth about $1,295,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DT shares. Piper Sandler started coverage on shares of Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Wedbush reiterated a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Guggenheim lifted their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Loop Capital decreased their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $60.04.

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.