Traders Buy High Volume of Dynatrace Call Options (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) was the recipient of unusually large options trading activity on Monday. Stock traders bought 9,826 call options on the company. This is an increase of approximately 346% compared to the typical volume of 2,203 call options.

Dynatrace Price Performance

Shares of DT traded down $1.38 during trading hours on Monday, hitting $47.04. 1,611,820 shares of the company were exchanged, compared to its average volume of 3,114,970. The firm has a fifty day simple moving average of $55.52 and a 200-day simple moving average of $54.45. The company has a market capitalization of $14.08 billion, a PE ratio of 29.39, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace has a one year low of $39.42 and a one year high of $63.00.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, February 18th. Wedbush restated an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and an average target price of $63.35.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the sale, the chief executive officer now owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock valued at $7,159,599 over the last 90 days. 0.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in shares of Dynatrace by 21.9% in the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares in the last quarter. Geode Capital Management LLC lifted its position in Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Dynatrace by 27.8% during the 3rd quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after buying an additional 13,957 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Dynatrace by 16.9% during the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock valued at $3,484,000 after acquiring an additional 9,251 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Dynatrace in the fourth quarter worth $842,000. 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 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.