Insider Selling: Dynatrace (NYSE:DT) Director Sells 1,013 Shares of 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 M. Campbell sold 1,013 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the completion of the sale, the director owned 1,012 shares in the company, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Dynatrace Price Performance

Shares of NYSE DT traded up $0.04 during mid-day trading on Friday, hitting $49.12. The company had a trading volume of 2,436,177 shares, compared to its average volume of 3,165,837. The company has a market capitalization of $14.81 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 4.32 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's 50-day simple moving average is $50.85 and its 200 day simple moving average is $50.58.

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

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Dynatrace by 3.6% during the second quarter. Vanguard Group Inc. now owns 31,403,014 shares of the company's stock worth $1,733,760,000 after purchasing an additional 1,084,307 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Dynatrace by 5.6% during the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after buying an additional 493,987 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock worth $413,445,000 after buying an additional 1,124,207 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Dynatrace by 0.6% during the second quarter. American Century Companies Inc. now owns 7,845,619 shares of the company's stock worth $433,157,000 after buying an additional 44,288 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Dynatrace by 79.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company's stock worth $329,477,000 after buying an additional 3,092,576 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Upgrades and Downgrades

DT has been the topic of several recent analyst reports. Wall Street Zen raised Dynatrace from a "hold" rating to a "buy" rating in a report on Saturday. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Monday, August 4th. KeyCorp initiated coverage on Dynatrace in a report on Tuesday, June 10th. They issued an "overweight" rating and a $69.00 target price on the stock. Oppenheimer initiated coverage on Dynatrace in a report on Wednesday, August 27th. They issued an "outperform" rating and a $65.00 target price on the stock. Finally, Citigroup dropped their target price on Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Dynatrace currently has an average rating of "Moderate Buy" and an average target price of $62.72.

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.