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

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

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares of the company’s stock, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the sale, the director now directly owns 36,471 shares in the company, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their position. 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently made changes to their positions in the stock. Dragoneer Investment Group LLC bought a new position in Dynatrace in the fourth quarter valued at $242,380,000. Alyeska Investment Group L.P. bought a new position in shares of Dynatrace during the 4th quarter valued at about $204,000,000. Norges Bank purchased a new position in shares of Dynatrace during the 4th quarter valued at about $192,284,000. Holocene Advisors LP bought a new stake in Dynatrace in the 3rd quarter worth approximately $126,592,000. Finally, Raymond James Financial Inc. purchased a new stake in Dynatrace in the fourth quarter worth approximately $102,209,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 0.4 %

Shares of DT stock traded down $0.20 during trading on Thursday, hitting $49.29. The company had a trading volume of 888,514 shares, compared to its average volume of 3,134,424. Dynatrace has a 52 week low of $39.42 and a 52 week high of $63.00. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The stock’s 50-day moving average is $55.68 and its two-hundred day moving average is $54.44.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DT. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Morgan Stanley increased their price target on Dynatrace from $59.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada raised their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.