Dynatrace Sees Unusually High Options Volume (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) was the target of unusually large options trading activity on Friday. Investors purchased 6,598 call options on the stock. This represents an increase of approximately 109% compared to the typical daily volume of 3,150 call options.

Insider Transactions at Dynatrace

In other news, EVP Dan Zugelder sold 11,022 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now owns 217,465 shares in the company, valued at approximately $10,810,185.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,426 shares of company stock worth $3,804,069. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of hedge funds have recently modified their holdings of DT. Eminence Capital LP bought a new stake in Dynatrace in the 2nd quarter valued at $158,369,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Dynatrace during the first quarter worth about $133,701,000. Norges Bank acquired a new position in shares of Dynatrace during the fourth quarter worth about $148,515,000. Vanguard Group Inc. grew its holdings in shares of Dynatrace by 9.8% during the fourth quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock worth $1,436,393,000 after buying an additional 2,348,246 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Dynatrace by 1,146.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after buying an additional 2,030,915 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Stock Performance

DT opened at $51.35 on Friday. The firm’s fifty day moving average is $47.64 and its two-hundred day moving average is $46.53. The firm has a market cap of $15.31 billion, a PE ratio of 98.75, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41.

Dynatrace (NYSE:DT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. Equities analysts forecast that Dynatrace will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Piper Sandler began coverage on Dynatrace in a research report on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price for the company. Guggenheim decreased their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Wedbush reiterated a “neutral” rating and set a $55.00 price objective on shares of Dynatrace in a research note on Thursday, August 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

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.