Dynatrace, Inc. (NYSE:DT) Director Stephen J. Lifshatz Sells 5,000 Shares of Stock

Dynatrace, Inc. (NYSE:DT) Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dynatrace Trading Down 1.7 %

Dynatrace stock opened at $53.69 on Wednesday. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The stock’s 50 day simple moving average is $51.03 and its two-hundred day simple moving average is $47.36. The firm has a market cap of $16.01 billion, a PE ratio of 103.25, a P/E/G ratio of 7.93 and a beta of 1.06.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Bessemer Group Inc. raised its stake in shares of Dynatrace by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock worth $284,000 after buying an additional 226 shares during the period. Geneos Wealth Management Inc. raised its stake 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 last quarter. State of Alaska Department of Revenue raised its stake in Dynatrace by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock valued at $1,602,000 after purchasing an additional 260 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Dynatrace by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after purchasing an additional 266 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Dynatrace by 0.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 68,647 shares of the company’s stock valued at $3,188,000 after purchasing an additional 295 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DT shares. Wedbush reiterated a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a research report on Thursday, August 8th. Barclays upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $52.00 to $64.00 in a report on Monday, October 7th. Piper Sandler initiated coverage on shares of Dynatrace in a report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 target price for the company. Scotiabank boosted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Finally, Loop Capital reduced their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.04.

About Dynatrace

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.