Insider Selling: Dynatrace, Inc. (NYSE:DT) CEO Sells $2,320,500.00 in Stock

Dynatrace, Inc. (NYSE:DT) CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dynatrace Stock Down 4.7 %

Dynatrace stock opened at $43.26 on Thursday. The firm has a market cap of $12.86 billion, a P/E ratio of 83.19, a P/E/G ratio of 6.86 and a beta of 1.05. Dynatrace, Inc. has a twelve month low of $43.15 and a twelve month high of $61.41. The business has a fifty day moving average of $46.29 and a two-hundred day moving average of $50.12.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. Equities analysts expect that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Dynatrace

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Dynatrace by 92.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 39,606 shares of the company’s stock valued at $1,851,000 after buying an additional 18,991 shares in the last quarter. Pathstone Family Office LLC acquired a new position in shares of Dynatrace during the third quarter valued at about $213,000. HighTower Advisors LLC raised its position in shares of Dynatrace by 7.7% in the 3rd quarter. HighTower Advisors LLC now owns 12,187 shares of the company’s stock valued at $569,000 after purchasing an additional 868 shares during the last quarter. Rhumbline Advisers boosted its stake in Dynatrace by 8.4% in the 3rd quarter. Rhumbline Advisers now owns 727,029 shares of the company’s stock worth $33,974,000 after purchasing an additional 56,083 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Dynatrace by 9.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 24,747 shares of the company’s stock worth $1,156,000 after purchasing an additional 2,119 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

DT has been the subject of a number of analyst reports. Robert W. Baird lowered their price target on Dynatrace from $65.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Wedbush reaffirmed a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, May 16th. Bank of America reduced their price objective on shares of Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Capital One Financial began coverage on Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Tuesday. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.54.

Dynatrace Company Profile

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.