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

Dynatrace, Inc. (NYSE:DT) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 5,260,000 shares, an increase of 6.5% from the August 31st total of 4,940,000 shares. Based on an average daily volume of 3,160,000 shares, the short-interest ratio is presently 1.7 days.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Rick M. Mcconnell sold 50,000 shares of the 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 sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The disclosure for this sale can be found here. Insiders have sold a total of 76,426 shares of company stock worth $3,804,069 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Several large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in Dynatrace by 76.7% during the first quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after buying an additional 230 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace in the 2nd quarter valued at about $26,000. Versant Capital Management Inc raised its holdings in 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. Rise Advisors LLC purchased a new position in Dynatrace during the first quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in Dynatrace in the second quarter valued at approximately $32,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Loop Capital decreased their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Wells Fargo & Company lowered their price objective 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. Wedbush reaffirmed a “neutral” rating and set a $55.00 target price on shares of Dynatrace in a research report on Thursday, August 8th. Scotiabank boosted their price target on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.09.

Dynatrace Trading Down 2.5 %

DT traded down $1.35 during midday trading on Tuesday, hitting $52.12. 2,306,416 shares of the company were exchanged, compared to its average volume of 3,485,682. The company’s 50 day simple moving average is $48.70 and its 200 day simple moving average is $46.78. 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 has a 1-year low of $39.42 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $392.22 million. During the same period last year, the company earned $0.16 earnings per share. Dynatrace’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts anticipate that Dynatrace will post 0.71 EPS 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.