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 Dynatrace stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dynatrace Stock Performance

NYSE DT opened at $52.09 on Wednesday. The stock has a market cap of $15.53 billion, a PE ratio of 100.17, a P/E/G ratio of 7.63 and a beta of 1.05. The firm has a 50-day moving average of $47.15 and a 200-day moving average of $46.44. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on DT. BMO Capital Markets lifted their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Wedbush reissued a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research report on Thursday, August 8th. Guggenheim reduced their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Wells Fargo & Company dropped their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Finally, Piper Sandler started coverage on Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

Institutional Trading of Dynatrace

Several institutional investors have recently added to or reduced their stakes in DT. Geneos Wealth Management Inc. boosted its holdings in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after purchasing an additional 230 shares during the period. Versant Capital Management Inc boosted its stake in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after buying an additional 572 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Dynatrace during the second quarter worth approximately $26,000. DSM Capital Partners LLC bought a new position in Dynatrace during the 4th quarter worth $28,000. Finally, Rise Advisors LLC acquired a new position in Dynatrace in the 1st quarter valued at $30,000. 94.28% of the stock is currently owned by institutional investors.

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.