Dynatrace (NYSE:DT) Sees Strong Trading Volume

Shares of Dynatrace, Inc. (NYSE:DT - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 4,521,867 shares traded hands during trading, an increase of 25% from the previous session's volume of 3,613,179 shares.The stock last traded at $48.77 and had previously closed at $47.75.

Analyst Ratings Changes

Several analysts recently weighed in on DT shares. Loop Capital decreased their price objective on Dynatrace from $56.00 to $50.00 and set a "hold" rating for the company in a report on Thursday. Rosenblatt Securities increased their price objective on shares of Dynatrace from $58.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Citigroup increased their target price on Dynatrace from $58.00 to $68.00 and gave the company a "buy" rating in a research report on Monday, January 22nd. Barclays dropped their price objective on Dynatrace from $59.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada reduced their target price on shares of Dynatrace from $66.00 to $60.00 and set an "outperform" rating for the company in a report on Thursday. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.54.

Dynatrace Trading Up 1.5 %

The business's 50-day simple moving average is $46.27 and its 200-day simple moving average is $50.76. The company has a market capitalization of $14.27 billion, a PE ratio of 73.43, a price-to-earnings-growth ratio of 3.96 and a beta of 1.06.

Insider Activity at Dynatrace

In related news, CEO Rick M. Mcconnell sold 1,991 shares of the firm's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now directly owns 514,106 shares of the company's stock, valued at $26,687,242.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now directly owns 514,106 shares of the company's stock, valued at $26,687,242.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rick M. Mcconnell sold 25,000 shares of the firm's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders sold 29,067 shares of company stock worth $1,368,368 over the last three months. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On Dynatrace

A number of large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. increased its holdings in Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company's stock worth $25,000 after acquiring an additional 230 shares in the last quarter. DSM Capital Partners LLC acquired a new position in Dynatrace during the fourth quarter worth $28,000. Rise Advisors LLC purchased a new position in Dynatrace during the first quarter valued at $30,000. Finally, NewSquare Capital LLC purchased a new stake in shares of Dynatrace during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.