Dynatrace Sees Unusually Large Options Volume (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 200,153 put options on the stock. This is an increase of 9,235% compared to the average volume of 2,144 put options.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group began coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They set a “neutral” rating and a $52.00 target price on the stock. Finally, BMO Capital Markets raised their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.88.

Dynatrace Stock Performance

Shares of NYSE DT opened at $53.56 on Friday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company has a market cap of $15.99 billion, a PE ratio of 97.38, a P/E/G ratio of 8.20 and a beta of 1.01. The business has a 50-day simple moving average of $54.75 and a two-hundred day simple moving average of $50.07.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,027 shares of company stock valued at $3,168,084. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

Institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new stake in Dynatrace during the 2nd quarter worth about $26,000. Riverview Trust Co raised its stake in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC acquired a new stake in shares of Dynatrace during the third quarter worth about $38,000. UMB Bank n.a. boosted its position in Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after buying an additional 535 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Dynatrace in the third quarter valued at approximately $52,000. 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.