Dynatrace, Inc. (NYSE:DT) Short Interest Update

Dynatrace, Inc. (NYSE:DT) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 5,320,000 shares, a growth of 17.2% from the February 13th total of 4,540,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DT shares. Barclays upped their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. UBS Group boosted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Stifel Nicolaus upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. DA Davidson set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Finally, Wells Fargo & Company set a $70.00 price objective on Dynatrace in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Dynatrace Price Performance

Shares of NYSE:DT traded up $0.38 during midday trading on Wednesday, hitting $49.54. The company had a trading volume of 1,800,270 shares, compared to its average volume of 3,146,422. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 7.05 and a beta of 1.12. Dynatrace has a 12-month low of $39.42 and a 12-month high of $63.00. The company has a fifty day moving average of $55.73 and a two-hundred day moving average of $54.47.

Insider Activity at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now owns 36,471 shares in the company, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares in the company, valued at approximately $20,696,194.20. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,432 shares of company stock worth $7,159,599 over the last 90 days. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after purchasing an additional 484,877 shares in the last quarter. State Street Corp increased its stake in Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares in the last quarter. Janus Henderson Group PLC increased its stake in Dynatrace by 5.6% in the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock worth $508,811,000 after buying an additional 493,987 shares in the last quarter. American Century Companies Inc. increased its stake in Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock worth $411,449,000 after buying an additional 700,332 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after buying an additional 834,225 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

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.