Dynatrace, Inc. (NYSE:DT) Short Interest Up 17.2% in February

Dynatrace, Inc. (NYSE:DT - Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 5,320,000 shares, an increase of 17.2% from the February 13th total of 4,540,000 shares. Based on an average daily trading volume, of 3,130,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the company's shares are short sold.

Analyst Ratings Changes

Several research analysts recently issued reports on DT shares. Robert W. Baird set a $65.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Barclays lifted their target price on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Stifel Nicolaus upped their price target on Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company set a $70.00 target price on Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $63.35.

Insiders Place Their Bets

In related news, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the sale, the chief financial officer now directly owns 339,004 shares in the company, valued at $20,696,194.20. The trade was a 9.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,432 shares of company stock worth $7,159,599. 0.59% of the stock is currently owned by company insiders.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DT. Vanguard Group Inc. lifted its position in Dynatrace by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after purchasing an additional 484,877 shares in the last quarter. State Street Corp raised its stake in shares of 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 buying an additional 1,207,621 shares during the period. Janus Henderson Group PLC lifted its position 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 valued at $508,811,000 after buying an additional 493,987 shares in the last quarter. American Century Companies Inc. grew its stake 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 holdings in 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 acquiring an additional 834,225 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

Shares of NYSE:DT traded up $0.54 during trading on Monday, hitting $50.36. The company's stock had a trading volume of 763,605 shares, compared to its average volume of 3,192,211. The company has a 50-day moving average of $55.61 and a 200-day moving average of $54.47. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 7.05 and a beta of 1.12. Dynatrace has a 12 month low of $39.42 and a 12 month high of $63.00.

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.