Traders Purchase Large Volume of Dynatrace Call Options (NYSE:DT)

Dynatrace, Inc. (NYSE:DT - Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders bought 9,826 call options on the company. This represents an increase of 346% compared to the average volume of 2,203 call options.

Dynatrace Trading Up 1.3 %

Shares of NYSE DT traded up $0.63 during mid-day trading on Wednesday, hitting $48.46. The company had a trading volume of 2,259,361 shares, compared to its average volume of 3,219,452. The firm has a 50-day simple moving average of $55.21 and a two-hundred day simple moving average of $54.37. The company has a market capitalization of $14.51 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace has a one year low of $39.42 and a one year high of $63.00.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $60.45, for a total value 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. The trade was a 7.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. This represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,432 shares of company stock worth $7,159,599 over the last ninety days. Corporate insiders own 0.59% of the company's stock.

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Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Retirement Systems of Alabama boosted its holdings in shares of Dynatrace by 21.9% in the 3rd quarter. Retirement Systems of Alabama now owns 361,884 shares of the company's stock valued at $19,350,000 after buying an additional 64,999 shares during the last quarter. Geode Capital Management LLC lifted its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company's stock valued at $273,610,000 after acquiring an additional 884,673 shares during the last quarter. Synovus Financial Corp lifted its stake in Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company's stock valued at $3,427,000 after acquiring an additional 13,957 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Dynatrace by 16.9% in the 4th quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock valued at $3,484,000 after acquiring an additional 9,251 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Dynatrace during the 4th quarter worth about $842,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DT. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Royal Bank of Canada increased their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Wells Fargo & Company set a $70.00 price target on shares of Dynatrace in a report on Friday, January 31st. Finally, Stifel Nicolaus upped their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.