Investors Buy Large Volume of Dynatrace Put Options (NYSE:DT)

Dynatrace, Inc. (NYSE:DT - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 200,153 put options on the company. This is an increase of approximately 9,235% compared to the typical volume of 2,144 put options.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. This trade represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares of the company's stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,027 shares of company stock valued at $3,168,084 over the last 90 days. 0.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of DT. Eminence Capital LP bought a new position in Dynatrace during the second quarter valued at about $158,369,000. Holocene Advisors LP acquired a new stake in shares of Dynatrace during the 3rd quarter worth approximately $126,592,000. State Street Corp increased its position in shares of Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company's stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the period. Marshall Wace LLP increased its position in shares of Dynatrace by 285.7% during the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock valued at $62,176,000 after purchasing an additional 1,029,387 shares during the period. Finally, Barclays PLC raised its stake in shares of Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company's stock valued at $114,076,000 after purchasing an additional 981,964 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

DT has been the topic of several research analyst reports. Guggenheim raised their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Truist Financial raised their price objective 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. Rosenblatt Securities restated a "buy" rating and issued a $65.00 target price on shares of Dynatrace in a research report on Wednesday, November 6th. BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They set a "neutral" rating and a $52.00 price target for the company. Finally, Barclays boosted their price objective on Dynatrace from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.88.

Dynatrace Stock Down 3.5 %

DT stock traded down $1.96 during mid-day trading on Wednesday, reaching $53.54. 3,282,157 shares of the stock traded hands, compared to its average volume of 3,371,282. The firm has a market capitalization of $15.98 billion, a PE ratio of 97.35, a P/E/G ratio of 8.20 and a beta of 1.01. The business has a 50-day moving average of $54.78 and a two-hundred day moving average of $50.05. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41.

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.