Dynatrace, Inc. (NYSE:DT) Short Interest Up 6.5% in September

Dynatrace, Inc. (NYSE:DT) was the target of a significant growth in short interest during the month of 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 short-interest ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DT. BMO Capital Markets boosted their target price on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Wedbush reiterated a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a research report on Thursday, August 8th. Scotiabank increased their price target on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Finally, Loop Capital decreased their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, June 26th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.09.

Dynatrace Trading Down 2.5 %

Dynatrace stock traded down $1.35 during trading on Tuesday, reaching $52.12. The company had a trading volume of 2,306,416 shares, compared to its average volume of 3,485,682. The firm’s 50-day simple moving average is $48.70 and its 200 day simple moving average is $46.78. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 102.83, a price-to-earnings-growth ratio of 7.83 and a beta of 1.05.

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

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was 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 in the company, valued at $10,810,185.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 directly owns 650,587 shares of the company’s stock, valued at $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 worth $3,804,069. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently bought and sold shares of the business. Eminence Capital LP purchased a new stake in Dynatrace during the 2nd quarter valued at approximately $158,369,000. Jericho Capital Asset Management L.P. purchased a new stake in Dynatrace in the 1st quarter worth $133,701,000. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 9.8% during the 4th quarter. Vanguard Group Inc. now owns 26,264,280 shares of the company’s stock valued at $1,436,393,000 after purchasing an additional 2,348,246 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock valued at $98,792,000 after purchasing an additional 2,030,915 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in shares of Dynatrace by 670.2% in the first quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock worth $84,332,000 after purchasing an additional 1,580,162 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.