Short Interest in Dynatrace, Inc. (NYSE:DT) Expands By 81.6%

Dynatrace, Inc. (NYSE:DT - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 7,210,000 shares, a growth of 81.6% from the March 15th total of 3,970,000 shares. Based on an average daily volume of 3,670,000 shares, the short-interest ratio is currently 2.0 days. Approximately 2.6% of the shares of the company are short sold.

Dynatrace Trading Down 3.5 %

DT stock traded down $1.68 during midday trading on Friday, hitting $45.85. The company had a trading volume of 1,830,624 shares, compared to its average volume of 3,150,836. Dynatrace has a 52 week low of $40.43 and a 52 week high of $61.41. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 69.47, a PEG ratio of 4.06 and a beta of 1.07. The stock's 50 day moving average price is $48.84 and its 200 day moving average price is $50.91.

Dynatrace (NYSE:DT - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.03. The company had revenue of $365.10 million during the quarter, compared to analyst estimates of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. Analysts predict that Dynatrace will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DT has been the subject of several research analyst reports. Truist Financial lifted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Tuesday, January 16th. JMP Securities lifted their price target on Dynatrace from $56.00 to $68.00 and gave the company a "market outperform" rating in a research report on Friday, February 2nd. Capital One Financial began coverage on shares of Dynatrace in a research report on Wednesday, February 21st. They issued an "overweight" rating and a $64.00 price objective on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $66.00 target price on shares of Dynatrace in a research report on Friday, February 9th. Finally, Barclays decreased their price target on shares of Dynatrace from $59.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.04.

Insider Transactions at Dynatrace

In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of the business's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $56.25, for a total transaction of $371,025.00. Following the sale, the senior vice president now owns 96,020 shares of the company's stock, valued at approximately $5,401,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dynatrace news, SVP Dan Zugelder sold 6,596 shares of the firm's stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $56.25, for a total value of $371,025.00. Following the completion of the transaction, the senior vice president now owns 96,020 shares in the company, valued at approximately $5,401,125. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 1,991 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total value of $103,352.81. Following the sale, the chief executive officer now owns 514,106 shares in the company, valued at $26,687,242.46. The disclosure for this sale can be found here. Insiders sold 14,285,187 shares of company stock worth $751,264,421 over the last quarter. Corporate insiders own 0.54% of the company's stock.

Institutional Trading of Dynatrace

Several large investors have recently modified their holdings of DT. Raymond James Financial Services Advisors Inc. lifted its stake in Dynatrace by 62.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company's stock worth $363,000 after acquiring an additional 2,966 shares during the period. HighTower Advisors LLC boosted its stake in shares of Dynatrace by 42.6% during the 1st quarter. HighTower Advisors LLC now owns 5,353 shares of the company's stock valued at $250,000 after purchasing an additional 1,598 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Dynatrace by 61.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,022 shares of the company's stock valued at $378,000 after buying an additional 3,039 shares during the period. MetLife Investment Management LLC bought a new position in Dynatrace in the first quarter worth about $582,000. Finally, Raymond James Trust N.A. raised its stake in Dynatrace by 39.5% in the first quarter. Raymond James Trust N.A. now owns 6,511 shares of the company's stock worth $307,000 after buying an additional 1,845 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.