Short Interest in Dynatrace, Inc. (NYSE:DT) Rises By 6.5%

Dynatrace, Inc. (NYSE:DT) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 5,260,000 shares, a growth of 6.5% from the August 31st total of 4,940,000 shares. Based on an average daily volume of 3,160,000 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DT. Scotiabank raised their target price on shares of Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Loop Capital cut their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Guggenheim lifted their target price on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Wedbush reissued a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a research note on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.09.

Dynatrace Price Performance

Shares of DT stock opened at $52.12 on Wednesday. The company’s 50-day simple moving average is $48.86 and its two-hundred day simple moving average is $46.83. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The company has a market capitalization of $15.54 billion, a P/E ratio of 100.23, a P/E/G ratio of 7.83 and a beta of 1.05.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share (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%. Dynatrace’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, research analysts expect that Dynatrace will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company’s stock, valued at approximately $33,505,230.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at approximately $10,514,277.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’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 transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,426 shares of company stock valued at $3,804,069. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently modified their holdings of DT. Wells Fargo & Company MN lifted its position in shares of Dynatrace by 36.1% during the fourth quarter. Wells Fargo & Company MN now owns 217,747 shares of the company’s stock valued at $11,909,000 after buying an additional 57,810 shares during the last quarter. Trexquant Investment LP purchased a new stake in Dynatrace during the fourth quarter valued at approximately $471,000. US Bancorp DE boosted its stake in Dynatrace by 23.3% in the fourth quarter. US Bancorp DE now owns 25,550 shares of the company’s stock valued at $1,397,000 after acquiring an additional 4,820 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Dynatrace by 24.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 13,814 shares of the company’s stock worth $743,000 after purchasing an additional 2,758 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Dynatrace by 26.3% during the fourth quarter. Hsbc Holdings PLC now owns 53,336 shares of the company’s stock worth $2,918,000 after purchasing an additional 11,096 shares in the last quarter. Hedge funds and other 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.