Dynatrace (NYSE:DT) EVP Sells $375,150.00 in Stock

Key Points

• Dan Zugelder, EVP of Dynatrace, sold 7,503 shares of the company's stock for $375,150, resulting in an 84.09% decrease in their ownership.
• The stock price of Dynatrace fell to $48.11 following the sale, with a market cap of $14.51 billion and a 12-month price range between $39.30 and $63.00.
• Dynatrace reported a quarterly earnings per share of $0.42, exceeding analysts' expectations and signifying a 19.5% revenue growth year-over-year.

Dynatrace, Inc. (NYSE:DT - Get Free Report) EVP Dan Zugelder sold 7,503 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $50.00, for a total value of $375,150.00. Following the transaction, the executive vice president owned 1,420 shares in the company, valued at approximately $71,000. This trade represents a 84.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Dynatrace Price Performance

Shares of DT stock traded down $1.04 on Tuesday, hitting $48.11. The stock had a trading volume of 2,841,415 shares, compared to its average volume of 3,103,489. The business has a 50 day moving average of $49.26 and a 200 day moving average of $50.24. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 4.36 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping 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 net margin of 27.75% and a return on equity of 9.15%. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share. As a group, research analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Guggenheim increased their target price on shares of Dynatrace from $66.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Citigroup lowered their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Monday, August 18th. KeyCorp started coverage on Dynatrace in a report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price objective for the company. Finally, Royal Bank Of Canada boosted their target price on Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Dynatrace presently has an average rating of "Moderate Buy" and a consensus price target of $62.52.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently made changes to their positions in the stock. Quent Capital LLC boosted its holdings in shares of Dynatrace by 4.6% in the 2nd quarter. Quent Capital LLC now owns 4,288 shares of the company's stock worth $237,000 after purchasing an additional 190 shares in the last quarter. BNP Paribas boosted its stake in Dynatrace by 0.6% in the second quarter. BNP Paribas now owns 36,563 shares of the company's stock worth $2,019,000 after buying an additional 218 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Dynatrace by 0.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 35,767 shares of the company's stock worth $1,686,000 after buying an additional 249 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Dynatrace by 15.4% during the second quarter. SBI Securities Co. Ltd. now owns 1,869 shares of the company's stock valued at $103,000 after acquiring an additional 249 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Dynatrace by 4.6% during the first quarter. Arkadios Wealth Advisors now owns 5,766 shares of the company's stock worth $272,000 after acquiring an additional 253 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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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