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

Dynatrace, Inc. (NYSE:DT) saw some unusual options trading activity on Monday. Investors bought 9,826 call options on the stock. This is an increase of 346% compared to the average volume of 2,203 call options.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Dynatrace

Large investors have recently added to or reduced their stakes in the stock. Dragoneer Investment Group LLC purchased a new position in shares of Dynatrace in the 4th quarter worth approximately $242,380,000. Alyeska Investment Group L.P. purchased a new position in Dynatrace during the fourth quarter worth $204,000,000. Norges Bank bought a new position in Dynatrace during the fourth quarter valued at $192,284,000. Holocene Advisors LP bought a new position in Dynatrace during the third quarter valued at $126,592,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Dynatrace in the fourth quarter valued at $102,209,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Down 2.7 %

Shares of NYSE:DT opened at $47.10 on Tuesday. The firm has a fifty day simple moving average of $55.43 and a two-hundred day simple moving average of $54.43. Dynatrace has a 52 week low of $39.42 and a 52 week high of $63.00. The stock has a market capitalization of $14.10 billion, a P/E ratio of 29.44, a PEG ratio of 7.05 and a beta of 1.12.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DT. Barclays raised their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Wedbush reissued an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $67.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Finally, Scotiabank lifted their price target on shares of Dynatrace from $62.00 to $67.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.