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

Dynatrace, Inc. (NYSE:DT - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 6,550,000 shares, an increase of 23.1% from the February 28th total of 5,320,000 shares. Approximately 2.2% of the company's stock are sold short. Based on an average daily volume of 3,050,000 shares, the days-to-cover ratio is presently 2.1 days.

Dynatrace Trading Down 8.0 %

Dynatrace stock traded down $3.67 during trading hours on Friday, reaching $41.99. 4,230,789 shares of the stock were exchanged, compared to its average volume of 3,218,154. Dynatrace has a twelve month low of $39.42 and a twelve month high of $63.00. The company has a market cap of $12.57 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 7.05 and a beta of 1.05. The stock has a 50 day moving average of $54.75 and a two-hundred day moving average of $54.26.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $60.45, for a total transaction of $2,418,000.00. Following the completion of the transaction, the chief executive officer now directly owns 506,720 shares of the company's stock, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 117,432 shares of company stock worth $7,159,599 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

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Institutional Trading of Dynatrace

Several large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Dynatrace during the 4th quarter worth $38,000. Coppell Advisory Solutions LLC lifted its position in shares of Dynatrace by 1,423.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after buying an additional 669 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after buying an additional 530 shares in the last quarter. Finally, Huntington National Bank grew its position in Dynatrace by 218.0% in the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a report on Tuesday, February 18th. Rosenblatt Securities reiterated a "buy" rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Wells Fargo & Company set a $70.00 price target on Dynatrace in a research note on Friday, January 31st. UBS Group lifted their price objective on shares of Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, DA Davidson set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.35.

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.