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

Dynatrace, Inc. (NYSE:DT) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 5,320,000 shares, a growth of 17.2% from the February 13th total of 4,540,000 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 3,130,000 shares, the short-interest ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

DT has been the subject of a number of analyst reports. Barclays raised their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Truist Financial raised their price objective on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Cantor Fitzgerald restated a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a report on Thursday, February 6th. Finally, Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.35.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the transaction, the chief executive officer now directly owns 506,720 shares of the company’s stock, valued at $30,631,224. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 over the last three months. Company insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company’s stock worth $1,639,260,000 after buying an additional 484,877 shares during the last quarter. State Street Corp raised its position in Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after acquiring an additional 1,207,621 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Dynatrace by 5.6% during the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company’s stock worth $508,811,000 after acquiring an additional 493,987 shares during the last quarter. American Century Companies Inc. grew its position in shares of Dynatrace by 10.2% during the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company’s stock valued at $411,449,000 after acquiring an additional 700,332 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in shares of Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company’s stock worth $381,860,000 after purchasing an additional 834,225 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of DT opened at $49.59 on Friday. Dynatrace has a one year low of $39.42 and a one year high of $63.00. The business has a fifty day moving average of $55.63 and a 200 day moving average of $54.40. The firm has a market capitalization of $14.84 billion, a P/E ratio of 30.99, a PEG ratio of 7.05 and a beta of 1.12.

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.