Dynatrace, Inc. (NYSE:DT) EVP Dan Zugelder Sells 15,824 Shares

Dynatrace, Inc. (NYSE:DT - Get Free Report) EVP Dan Zugelder sold 15,824 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president now directly owns 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dynatrace Price Performance

Dynatrace stock traded down $0.27 during mid-day trading on Wednesday, reaching $53.89. 2,997,750 shares of the company were exchanged, compared to its average volume of 3,059,145. The firm has a market cap of $16.15 billion, a PE ratio of 33.68, a PEG ratio of 7.05 and a beta of 0.92. The company has a fifty day simple moving average of $48.68 and a 200-day simple moving average of $52.65. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $445.17 million for the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. Dynatrace's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. Sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group reissued a "buy" rating on shares of Dynatrace in a research report on Wednesday, May 14th. UBS Group upped their price objective on Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. KeyCorp initiated coverage on shares of Dynatrace in a research note on Tuesday. They issued an "overweight" rating and a $69.00 target price for the company. DA Davidson upped their price target on shares of Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley set a $55.00 price target on shares of Dynatrace in a research note on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.75.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Dynatrace by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company's stock valued at $1,429,527,000 after purchasing an additional 157,523 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Dynatrace by 5.6% in the fourth quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock valued at $508,811,000 after buying an additional 493,987 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Dynatrace by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company's stock valued at $413,445,000 after acquiring an additional 1,124,207 shares during the last quarter. American Century Companies Inc. raised its stake in Dynatrace by 3.1% during the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company's stock worth $367,833,000 after acquiring an additional 230,967 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Dynatrace by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after acquiring an additional 834,225 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Company Profile

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.