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

Posted by ABMN Staff on Jan 25th, 2023

Dynatrace, Inc. (NYSE:DT – Get Rating) was the target of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 9,760,000 shares, a decrease of 5.6% from the December 15th total of 10,340,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the days-to-cover ratio is presently 4.7 days. Currently, 5.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DT shares. Royal Bank of Canada cut their target price on Dynatrace from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. BMO Capital Markets cut their price objective on Dynatrace from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Thursday, November 3rd. Macquarie initiated coverage on Dynatrace in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $38.00 target price for the company. Needham & Company LLC cut their price target on shares of Dynatrace from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Dynatrace from $61.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $45.63.

Insider Buying and Selling

In other Dynatrace news, CAO Alicia Allen sold 31,985 shares of Dynatrace stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $39.77, for a total transaction of $1,272,043.45. Following the transaction, the chief accounting officer now directly owns 87,281 shares of the company’s stock, valued at approximately $3,471,165.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently bought and sold shares of the company. Stonegate Investment Group LLC bought a new position in Dynatrace in the 4th quarter valued at $1,077,000. Louisiana State Employees Retirement System raised its position in shares of Dynatrace by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the company’s stock worth $2,064,000 after buying an additional 400 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Dynatrace during the fourth quarter valued at $392,000. Park Avenue Securities LLC grew its position in Dynatrace by 11.8% during the fourth quarter. Park Avenue Securities LLC now owns 15,575 shares of the company’s stock worth $597,000 after buying an additional 1,647 shares in the last quarter. Finally, Xponance Inc. increased its stake in Dynatrace by 7.6% in the 4th quarter. Xponance Inc. now owns 46,743 shares of the company’s stock worth $1,790,000 after acquiring an additional 3,290 shares during the last quarter. Hedge funds and other institutional investors own 97.17% of the company’s stock.

Dynatrace Trading Down 2.7 %

NYSE:DT opened at $36.98 on Wednesday. Dynatrace has a 1 year low of $29.41 and a 1 year high of $56.98. The stock’s fifty day moving average price is $37.50 and its two-hundred day moving average price is $37.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $10.64 billion, a P/E ratio of 369.84, a P/E/G ratio of 5.06 and a beta of 1.18.

Dynatrace (NYSE:DT – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $279.33 million for the quarter, compared to analysts’ expectations of $273.92 million. Dynatrace had a return on equity of 7.69% and a net margin of 2.71%. As a group, analysts expect that Dynatrace will post 0.38 EPS for the current year.

About Dynatrace

(Get Rating)

Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.