Stephen J. Pace Sells 26,303 Shares of Dynatrace, Inc. (NYSE:DT) Stock

Dynatrace, Inc. (NYSE:DTGet Rating) CRO Stephen J. Pace sold 26,303 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $40.00, for a total transaction of $1,052,120.00. Following the transaction, the executive now owns 137,378 shares of the company’s stock, valued at $5,495,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dynatrace Price Performance

DT stock opened at $40.73 on Friday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 290.93, a PEG ratio of 5.62 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. Dynatrace, Inc. has a 12-month low of $29.41 and a 12-month high of $80.13. The company’s fifty day simple moving average is $39.32 and its 200 day simple moving average is $40.45.

Dynatrace (NYSE:DTGet Rating) last released its earnings results on Wednesday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Dynatrace had a net margin of 4.18% and a return on equity of 7.81%. The business had revenue of $267.27 million for the quarter, compared to analyst estimates of $262.76 million. On average, analysts expect that Dynatrace, Inc. will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Dynatrace by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 18,419,894 shares of the company’s stock worth $867,577,000 after acquiring an additional 46,888 shares during the last quarter. Brown Advisory Inc. grew its position in Dynatrace by 8.7% in the 2nd quarter. Brown Advisory Inc. now owns 12,284,047 shares of the company’s stock worth $490,004,000 after purchasing an additional 982,941 shares in the last quarter. Dragoneer Investment Group LLC grew its position in Dynatrace by 49.1% in the 1st quarter. Dragoneer Investment Group LLC now owns 7,149,440 shares of the company’s stock worth $336,739,000 after purchasing an additional 2,355,247 shares in the last quarter. William Blair Investment Management LLC grew its position in Dynatrace by 31.0% in the 1st quarter. William Blair Investment Management LLC now owns 6,989,994 shares of the company’s stock worth $329,229,000 after purchasing an additional 1,653,151 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Dynatrace by 37.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,329,557 shares of the company’s stock worth $261,289,000 after purchasing an additional 1,173,297 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.

Analysts Set New Price Targets

DT has been the topic of a number of research reports. TheStreet raised shares of Dynatrace from a “d+” rating to a “c” rating in a research note on Thursday, June 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Dynatrace in a research note on Thursday, July 7th. Needham & Company LLC boosted their target price on shares of Dynatrace from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Royal Bank of Canada boosted their target price on shares of Dynatrace from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Finally, Barclays boosted their target price on shares of Dynatrace to $50.00 in a research note on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.24.

Dynatrace Company Profile

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.

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Insider Buying and Selling by Quarter for Dynatrace (NYSE:DT)

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