Dynatrace, Inc. (NYSE:DT) Short Interest Up 81.6% in March

Dynatrace, Inc. (NYSE:DT) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 7,210,000 shares, a growth of 81.6% from the March 15th total of 3,970,000 shares. Based on an average trading volume of 3,670,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Barclays lowered their price objective on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 20th. Citigroup boosted their target price on Dynatrace from $58.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Jefferies Financial Group upgraded Dynatrace from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $70.00 in a report on Friday, January 5th. Finally, Capital One Financial initiated coverage on Dynatrace in a report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price on the stock. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus target price of $61.04.

Dynatrace Trading Down 3.5 %

Shares of DT traded down $1.68 during mid-day trading on Friday, hitting $45.85. 1,830,624 shares of the company’s stock were exchanged, compared to its average volume of 3,150,836. Dynatrace has a fifty-two week low of $40.43 and a fifty-two week high of $61.41. The firm has a market capitalization of $13.50 billion, a P/E ratio of 69.47, a P/E/G ratio of 4.06 and a beta of 1.07. The business’s 50 day moving average is $48.84 and its two-hundred day moving average is $50.87.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to analysts’ expectations of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. On average, equities research analysts forecast that Dynatrace will post 0.62 earnings per share for the current year.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Matthias Dollentz-Scharer sold 2,076 shares of Dynatrace stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $51.91, for a total value of $107,765.16. Following the completion of the transaction, the insider now owns 72,645 shares in the company, valued at approximately $3,771,001.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The disclosure for this sale can be found here. Insiders sold 14,285,187 shares of company stock worth $751,264,421 in the last 90 days. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DT. Cooper Financial Group purchased a new position in Dynatrace in the first quarter valued at about $354,000. MJP Associates Inc. ADV increased its holdings in Dynatrace by 39.3% in the first quarter. MJP Associates Inc. ADV now owns 7,985 shares of the company’s stock valued at $371,000 after buying an additional 2,254 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in Dynatrace by 670.2% in the first quarter. Congress Asset Management Co. MA now owns 1,815,931 shares of the company’s stock valued at $84,332,000 after buying an additional 1,580,162 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in Dynatrace by 4.7% in the first quarter. Gulf International Bank UK Ltd now owns 20,553 shares of the company’s stock valued at $954,000 after buying an additional 931 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in Dynatrace by 44.2% in the first quarter. Park Avenue Securities LLC now owns 23,202 shares of the company’s stock valued at $1,078,000 after buying an additional 7,108 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.