Short Interest in Dynatrace, Inc. (NYSE:DT) Drops By 5.1%

Dynatrace, Inc. (NYSE:DT) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 6,950,000 shares, a decline of 5.1% from the October 15th total of 7,320,000 shares. Based on an average daily trading volume, of 2,720,000 shares, the days-to-cover ratio is presently 2.6 days.

Dynatrace Trading Up 0.2 %

DT stock opened at $52.43 on Tuesday. The stock has a market cap of $15.65 billion, a PE ratio of 95.33, a P/E/G ratio of 7.34 and a beta of 1.06. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a 50-day moving average price of $53.28 and a 200 day moving average price of $48.71.

Insider Activity at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were 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 trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC lifted its position in shares of Dynatrace by 30.7% during the first quarter. Orion Portfolio Solutions LLC now owns 18,055 shares of the company’s stock worth $838,000 after purchasing an additional 4,241 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in Dynatrace by 2.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 135,237 shares of the company’s stock worth $6,280,000 after buying an additional 3,193 shares during the period. Vanguard Group Inc. increased its stake in Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after buying an additional 1,680,971 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Dynatrace by 0.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 68,647 shares of the company’s stock valued at $3,188,000 after buying an additional 295 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in Dynatrace by 129.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 3,900 shares of the company’s stock valued at $181,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on DT. Jefferies Financial Group raised their price target on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a report on Wednesday, November 6th. JPMorgan Chase & Co. upped their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. BTIG Research lifted their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

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.