Dynatrace, Inc. (NYSE:DT) Short Interest Update

Dynatrace, Inc. (NYSE:DT) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 5,320,000 shares, a growth of 17.2% from the February 13th total of 4,540,000 shares. Based on an average daily volume of 3,130,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the shares of the company are sold short.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares in the company, valued at approximately $30,631,224. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

Several hedge funds have recently added to or reduced their stakes in DT. Atria Investments Inc lifted its stake in Dynatrace by 3.4% in the third quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Dynatrace by 10.3% during the third quarter. Victory Capital Management Inc. now owns 353,229 shares of the company’s stock valued at $18,887,000 after acquiring an additional 33,038 shares during the last quarter. KBC Group NV raised its stake in shares of Dynatrace by 53.5% during the third quarter. KBC Group NV now owns 32,546 shares of the company’s stock valued at $1,740,000 after acquiring an additional 11,346 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Dynatrace by 5.5% during the third quarter. CIBC Asset Management Inc now owns 10,474 shares of the company’s stock valued at $560,000 after acquiring an additional 544 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Dynatrace by 2.6% during the third quarter. Natixis Advisors LLC now owns 184,123 shares of the company’s stock valued at $9,845,000 after acquiring an additional 4,678 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

Dynatrace stock traded up $0.38 during mid-day trading on Wednesday, hitting $49.54. The company’s stock had a trading volume of 1,800,270 shares, compared to its average volume of 3,146,422. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The business has a 50 day moving average price of $55.73 and a 200-day moving average price of $54.47. Dynatrace has a 12 month low of $39.42 and a 12 month high of $63.00.

Analyst Ratings Changes

A number of research firms recently weighed in on DT. Truist Financial lifted their price objective on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. BMO Capital Markets reduced their price objective on shares of Dynatrace from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday. UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Wedbush restated an “outperform” rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Finally, Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.35.

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.