Dynatrace Target of Unusually Large Options Trading (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) was the target of some unusual options trading on Wednesday. Stock investors purchased 37,222 call options on the stock. This represents an increase of 1,515% compared to the average volume of 2,305 call options.

Insider Activity

In related news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the transaction, the executive vice president now directly owns 237,772 shares in the company, valued at $10,514,277.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the sale, the executive vice president now directly owns 237,772 shares in the company, valued at $10,514,277.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $46.41, for a total value of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. Insiders have sold 84,274 shares of company stock worth $3,883,271 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after buying an additional 1,680,971 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Dynatrace by 8.7% during the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after buying an additional 583,220 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after buying an additional 782,588 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Dynatrace during the first quarter worth $133,701,000. Finally, Norges Bank acquired a new position in shares of Dynatrace during the fourth quarter worth $148,515,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Price Performance

DT opened at $47.29 on Friday. The business’s 50-day moving average price is $44.48 and its two-hundred day moving average price is $47.45. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 90.94, a P/E/G ratio of 6.40 and a beta of 1.04.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The company had revenue of $380.85 million during the quarter, compared to the consensus estimate of $375.20 million. Sell-side analysts anticipate that Dynatrace will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on DT shares. Bank of America cut their target price on Dynatrace from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Robert W. Baird cut their target price on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, May 16th. TD Cowen lowered their price target on Dynatrace from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Guggenheim lowered their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Finally, Scotiabank lifted their price target on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.70.

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.