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

Dynatrace, Inc. (NYSE:DT - Get Free Report) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 4,510,000 shares, a decline of 22.0% from the January 15th total of 5,780,000 shares. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is currently 1.3 days.

Dynatrace Stock Down 1.1 %

Shares of DT stock traded down $0.70 during trading on Wednesday, reaching $61.68. The company's stock had a trading volume of 2,331,168 shares, compared to its average volume of 3,489,440. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 7.06 and a beta of 1.04. 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 price of $55.87 and a 200-day moving average price of $53.66.

Analysts Set New Price Targets

Several research firms have recently issued reports on DT. BTIG Research boosted their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Guggenheim reissued a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Loop Capital upped their target price on Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Stifel Nicolaus lifted their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.04.

Insider Buying and Selling at Dynatrace

In related news, CFO James M. Benson sold 34,932 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 339,004 shares in the company, valued at approximately $20,696,194.20. The trade was a 9.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of Dynatrace stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,459 shares of company stock valued at $7,634,682 in the last 90 days. 0.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Dynatrace

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after acquiring an additional 176 shares during the period. Riverview Trust Co grew its position in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company's stock valued at $33,000 after purchasing an additional 257 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace during the fourth quarter worth approximately $38,000. Coppell Advisory Solutions LLC lifted its holdings in 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 purchasing an additional 669 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company's stock valued at $39,000 after purchasing an additional 530 shares during the period. Institutional investors own 94.28% of the company's stock.

About Dynatrace

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.