Short Interest in Dynatrace (NYSE:DT) Rises By 6.2%

Dynatrace (NYSE:DT) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 4,640,000 shares, a growth of 6.2% from the October 31st total of 4,370,000 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average daily volume of 966,600 shares, the short-interest ratio is presently 4.8 days.

Dynatrace stock opened at $26.57 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.93 and a quick ratio of 0.93. Dynatrace has a 52 week low of $17.05 and a 52 week high of $27.48. The business’s 50-day moving average price is $20.65.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The firm had revenue of $129.40 million for the quarter, compared to analyst estimates of $123.57 million. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. On average, equities analysts anticipate that Dynatrace will post 0.24 EPS for the current fiscal year.

A number of brokerages have recently weighed in on DT. Zacks Investment Research upgraded Dynatrace from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Monday, October 28th. Royal Bank of Canada began coverage on Dynatrace in a research note on Monday, August 26th. They set an “outperform” rating and a $28.00 price target on the stock. Macquarie began coverage on Dynatrace in a research note on Monday, August 26th. They set a “neutral” rating and a $25.00 price target on the stock. William Blair began coverage on Dynatrace in a research note on Monday, August 26th. They set an “outperform” rating and a $6.50 price target on the stock. Finally, JMP Securities began coverage on Dynatrace in a research note on Monday, August 26th. They set an “outperform” rating and a $30.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.04.

Several institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY acquired a new stake in shares of Dynatrace during the third quarter worth about $44,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Dynatrace during the third quarter worth about $226,000. California Public Employees Retirement System acquired a new stake in shares of Dynatrace during the third quarter worth about $260,000. Rhumbline Advisers acquired a new stake in shares of Dynatrace during the third quarter worth about $395,000. Finally, Dean Capital Investments Management LLC acquired a new stake in shares of Dynatrace during the third quarter worth about $470,000. 87.08% of the stock is owned by hedge funds and other institutional investors.

About Dynatrace

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

Featured Article: What is the significance of a dead cat bounce?

Receive News & Ratings for Dynatrace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dynatrace and related companies with MarketBeat.com's FREE daily email newsletter.