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

Dynatrace, Inc. (NYSE:DT - Get Free Report) 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. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 3,130,000 shares, the short-interest ratio is currently 1.7 days.

Dynatrace Price Performance

Shares of Dynatrace stock traded up $0.22 during trading on Friday, hitting $49.85. The company's stock had a trading volume of 4,565,606 shares, compared to its average volume of 3,150,488. Dynatrace has a 52 week low of $39.42 and a 52 week high of $63.00. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 31.15, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. The stock has a 50-day moving average price of $55.61 and a two-hundred day moving average price of $54.43.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction dated Thursday, February 20th. The stock was 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 owns 506,720 shares in the company, valued at approximately $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of Dynatrace stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the transaction, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. The trade was a 9.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock worth $7,159,599. Company insiders own 0.59% of the company's stock.

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Institutional Trading of Dynatrace

Several institutional investors have recently modified their holdings of DT. Dragoneer Investment Group LLC bought a new stake in Dynatrace during the fourth quarter valued at $242,380,000. Alyeska Investment Group L.P. bought a new stake in Dynatrace during the fourth quarter valued at $204,000,000. Norges Bank bought a new stake in Dynatrace during the fourth quarter valued at $192,284,000. Holocene Advisors LP bought a new stake in Dynatrace during the third quarter valued at $126,592,000. Finally, Raymond James Financial Inc. bought a new stake in Dynatrace during the fourth quarter valued at $102,209,000. Institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DT. Morgan Stanley boosted their price objective on Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. UBS Group boosted their price objective on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Robert W. Baird set a $65.00 price objective on Dynatrace in a report on Friday, January 31st. Scotiabank boosted their price objective on Dynatrace from $62.00 to $67.00 and gave the stock a "sector outperform" rating in a report on Friday, January 31st. Finally, Rosenblatt Securities restated a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.