Dynatrace, Inc. (NYSE:DT – Get Free Report) EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the sale, the executive vice president owned 904,846 shares of the company’s stock, valued at $51,766,239.66. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bernd Greifeneder also recently made the following trade(s):
- On Saturday, September 5th, Bernd Greifeneder sold 99 shares of Dynatrace stock. The shares were sold at an average price of $51.90, for a total transaction of $5,138.10.
Dynatrace Trading Up 2.1%
DT traded up $1.17 during trading on Monday, hitting $56.31. The stock had a trading volume of 9,455,213 shares, compared to its average volume of 6,448,414. The firm has a market cap of $16.27 billion, a PE ratio of 112.62, a P/E/G ratio of 3.39 and a beta of 0.74. Dynatrace, Inc. has a 12 month low of $31.64 and a 12 month high of $57.23. The company has a 50 day simple moving average of $48.79 and a 200-day simple moving average of $42.64.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on DT shares. UBS Group set a $68.00 price objective on Dynatrace in a research report on Friday. Citigroup boosted their target price on shares of Dynatrace from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Dynatrace from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday. BTIG Research reissued a “buy” rating and issued a $62.00 price target on shares of Dynatrace in a report on Tuesday, September 15th. Finally, Morgan Stanley upgraded shares of Dynatrace from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $65.00 in a research report on Tuesday, August 25th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.07.
Read Our Latest Stock Analysis on DT
Institutional Trading of Dynatrace
Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of Dynatrace by 25.2% during the second quarter. Sequoia Financial Advisors LLC now owns 100,563 shares of the company’s stock valued at $4,416,000 after purchasing an additional 20,222 shares during the period. Tidal Investments LLC lifted its position in Dynatrace by 8.6% in the second quarter. Tidal Investments LLC now owns 65,002 shares of the company’s stock worth $2,854,000 after purchasing an additional 5,136 shares during the period. Engineers Gate Manager LP lifted its position in Dynatrace by 709.8% in the second quarter. Engineers Gate Manager LP now owns 365,333 shares of the company’s stock worth $16,042,000 after purchasing an additional 320,219 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Dynatrace during the second quarter worth $292,000. Finally, NewEdge Advisors LLC boosted its stake in Dynatrace by 116.4% during the second quarter. NewEdge Advisors LLC now owns 31,127 shares of the company’s stock worth $1,367,000 after buying an additional 16,746 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
About Dynatrace
Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating cloud, hybrid, and multicloud environments. Its platform is designed to help businesses monitor the performance, availability, and security of applications, infrastructure, networks, and user experiences from a unified environment.
The company’s offerings include application performance monitoring, infrastructure and cloud monitoring, log and analytics capabilities, digital experience monitoring, application security, and software delivery insights.
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