Short Interest in Dynatrace, Inc. (NYSE:DT) Rises By 6.5%

Dynatrace, Inc. (NYSE:DT) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 5,260,000 shares, a growth of 6.5% from the August 31st total of 4,940,000 shares. Based on an average daily trading volume, of 3,160,000 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DT. BMO Capital Markets raised their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Wedbush reiterated a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research report on Thursday, August 8th. Loop Capital decreased their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Wells Fargo & Company dropped their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Guggenheim increased their target price on shares of Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.09.

Insider Activity at Dynatrace

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

Institutional Trading of Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in Dynatrace by 76.7% in the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Dynatrace by 3,813.3% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 572 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace in the second quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in shares of Dynatrace in the first quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC bought a new stake in Dynatrace during the second quarter valued at approximately $32,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Stock Down 2.5 %

Shares of DT opened at $52.12 on Wednesday. The stock has a market cap of $15.54 billion, a P/E ratio of 100.23, a P/E/G ratio of 7.83 and a beta of 1.05. The business’s 50 day moving average price is $48.86 and its 200-day moving average price is $46.83. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. On average, equities analysts anticipate that Dynatrace will post 0.71 EPS for the current year.

About Dynatrace

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.