Dynatrace (NYSE:DT) Shares Gap Up to $44.43

Dynatrace, Inc. (NYSE:DT) gapped up prior to trading on Thursday . The stock had previously closed at $44.43, but opened at $46.14. Dynatrace shares last traded at $45.70, with a volume of 518,552 shares traded.

Analyst Ratings Changes

DT has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Jefferies Financial Group upgraded shares of Dynatrace from a “hold” rating to a “buy” rating and boosted their price target for the company from $50.00 to $70.00 in a report on Friday, January 5th. Morgan Stanley started coverage on shares of Dynatrace in a report on Tuesday, February 13th. They set an “equal weight” rating and a $60.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Monday, April 1st. Finally, Wolfe Research started coverage on shares of Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 price target on the stock. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.04.

Dynatrace Stock Up 4.6 %

The company has a market capitalization of $13.68 billion, a P/E ratio of 69.38, a P/E/G ratio of 3.82 and a beta of 1.07. The company’s 50-day simple moving average is $47.91 and its 200 day simple moving average is $50.87.

Dynatrace (NYSE:DT) last posted its earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, equities research analysts forecast that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the completion of the sale, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Rick M. Mcconnell sold 1,991 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the completion of the sale, the chief executive officer now directly owns 514,106 shares in the company, valued at $26,687,242.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the sale, the insider now owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,278,591 shares of company stock worth $750,893,396. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently bought and sold shares of the stock. Lindbrook Capital LLC raised its stake in Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock valued at $39,000 after purchasing an additional 187 shares during the last quarter. Advisory Services Network LLC raised its stake in Dynatrace by 50.9% during the 1st quarter. Advisory Services Network LLC now owns 661 shares of the company’s stock valued at $28,000 after purchasing an additional 223 shares during the last quarter. 1492 Capital Management LLC raised its stake in Dynatrace by 1.0% during the 4th quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock valued at $1,266,000 after purchasing an additional 224 shares during the last quarter. Avior Wealth Management LLC raised its stake in Dynatrace by 3.0% during the 3rd quarter. Avior Wealth Management LLC now owns 8,047 shares of the company’s stock valued at $376,000 after purchasing an additional 234 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in Dynatrace by 2.8% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after purchasing an additional 240 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.