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

Dynatrace, Inc. (NYSE:DT) saw a large increase in short interest in 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 trading volume of 3,160,000 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DT shares. Loop Capital cut their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, June 26th. Scotiabank upped their price target on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 8th. Guggenheim upped their price target on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler started coverage on Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price target for the company. Finally, Wedbush reiterated a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a report on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.09.

Dynatrace Price Performance

Shares of DT stock traded down $1.35 during trading hours on Tuesday, hitting $52.12. 2,306,416 shares of the company’s stock were exchanged, compared to its average volume of 3,485,682. The stock’s 50-day moving average is $48.70 and its 200-day moving average is $46.78. The stock has a market cap 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 52 week low of $39.42 and a 52 week high of $61.41.

Dynatrace (NYSE:DT) last announced 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. The company had revenue of $399.20 million for the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities research analysts forecast that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at approximately $33,505,230.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the business’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 completion of the sale, the executive vice president now 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 valued at $3,804,069 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Dynatrace

Several large investors have recently made changes to their positions in DT. Cim LLC boosted its holdings in Dynatrace by 4.7% in the second quarter. Cim LLC now owns 20,485 shares of the company’s stock valued at $1,009,000 after acquiring an additional 926 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Dynatrace in the second quarter valued at about $567,000. Coronation Fund Managers Ltd. bought a new position in Dynatrace in the second quarter valued at about $8,328,000. Clearbridge Investments LLC boosted its holdings in Dynatrace by 16.8% in the second quarter. Clearbridge Investments LLC now owns 1,725,817 shares of the company’s stock valued at $77,213,000 after acquiring an additional 248,730 shares during the last quarter. Finally, New Century Financial Group LLC bought a new position in Dynatrace in the second quarter valued at about $233,000. Institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.