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

Dynatrace, Inc. (NYSE:DT) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 4,940,000 shares, an increase of 7.4% from the August 15th total of 4,600,000 shares. Based on an average daily volume of 3,170,000 shares, the short-interest ratio is presently 1.6 days.

Insider Activity at Dynatrace

In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Dan Zugelder sold 11,022 shares of Dynatrace 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 completion of the transaction, 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 SEC, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,426 shares of company stock valued at $3,804,069. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position in shares of Dynatrace by 76.7% in the 1st 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 period. Versant Capital Management Inc lifted its position 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. acquired a new position in shares of Dynatrace in the 2nd quarter worth approximately $26,000. DSM Capital Partners LLC acquired a new position in shares of Dynatrace in the 4th quarter worth approximately $28,000. Finally, Rise Advisors LLC acquired a new position in shares of Dynatrace in the 1st quarter worth approximately $30,000. 94.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on DT. Piper Sandler began coverage on shares of Dynatrace in a research note on Thursday, June 27th. They set a “neutral” rating and a $50.00 target price for the company. Loop Capital cut their target price on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, June 26th. Wells Fargo & Company cut their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. BMO Capital Markets raised their target price on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Guggenheim dropped their price objective on shares of Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.70.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $0.26 during midday trading on Wednesday, hitting $51.83. 3,540,795 shares of the company traded hands, compared to its average volume of 3,473,778. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of 99.67, a PEG ratio of 7.63 and a beta of 1.05. The firm’s fifty day moving average price is $47.15 and its 200-day moving average price is $46.44. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41.

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

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.