Dynatrace (NYSE:DT) Director Sells $50,417.01 in Stock

Key Points

• Dynatrace Director Lisa Campbell sold 1,013 shares for $50,417.01, marking a 50.02% decrease in her stock position, now holding 1,012 shares valued at around $50,367.24.
• The company's stock experienced a slight decline of 0.3%, trading at $49.84, with a market capitalization of $15.03 billion and a PE ratio of 66.67.
• Dynatrace reported a quarterly earnings beat with earnings per share of $0.42, surpassing estimates and showing a 19.5% increase in revenue year-over-year.

Dynatrace, Inc. (NYSE:DT - Get Free Report) Director Lisa Campbell sold 1,013 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, the director owned 1,012 shares of the company's stock, valued at approximately $50,367.24. The trade was a 50.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Dynatrace Trading Down 0.3%

Shares of Dynatrace stock traded down $0.16 on Monday, reaching $49.84. 5,691,445 shares of the stock were exchanged, compared to its average volume of 3,106,429. The firm has a market capitalization of $15.03 billion, a PE ratio of 66.67, a PEG ratio of 4.40 and a beta of 0.91. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The business has a fifty day moving average price of $51.48 and a two-hundred day moving average price of $50.87.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The company had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. Research analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

DT has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their target price on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Oppenheimer initiated coverage on shares of Dynatrace in a report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 price target for the company. Barclays boosted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. BMO Capital Markets dropped their target price on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Finally, Morgan Stanley set a $55.00 price target on shares of Dynatrace in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.72.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the company. MAI Capital Management grew its stake in Dynatrace by 122.4% in the 2nd quarter. MAI Capital Management now owns 547 shares of the company's stock worth $30,000 after acquiring an additional 301 shares during the period. VSM Wealth Advisory LLC purchased a new stake in shares of Dynatrace in the second quarter valued at $34,000. Eastern Bank acquired a new position in Dynatrace in the second quarter valued at $35,000. CX Institutional purchased a new position in Dynatrace during the first quarter worth about $40,000. Finally, Brooklyn Investment Group boosted its stake in Dynatrace by 761.9% in the 1st quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

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.

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