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

Dynatrace, Inc. (NYSE:DT) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 6,950,000 shares, a decrease of 5.1% from the October 15th total of 7,320,000 shares. Based on an average daily trading volume, of 2,720,000 shares, the days-to-cover ratio is currently 2.6 days.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares in the company, valued at approximately $2,280,905. This represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction dated 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 transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DT. Cullen Frost Bankers Inc. bought a new stake in Dynatrace during the second quarter worth approximately $26,000. Versant Capital Management Inc lifted its stake in shares of Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock worth $26,000 after buying an additional 572 shares during the last quarter. Riverview Trust Co boosted its holdings in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the period. Paladin Wealth LLC acquired a new position in Dynatrace in the 3rd quarter valued at $38,000. Finally, UMB Bank n.a. raised its holdings in Dynatrace by 292.3% in the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares during the period. Institutional investors own 94.28% of the company’s stock.

Dynatrace Price Performance

Shares of DT stock opened at $52.35 on Monday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock’s 50-day moving average is $53.25 and its two-hundred day moving average is $48.66. The firm has a market cap of $15.63 billion, a P/E ratio of 95.18, a PEG ratio of 7.34 and a beta of 1.06.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DT. Scotiabank raised their price objective on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 8th. Wells Fargo & Company reduced their price target on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. BNP Paribas started coverage on shares of Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 price target for the company. BTIG Research increased their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their target price on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

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.