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

Dynatrace, Inc. (NYSE:DT – Get Rating) was the target of a significant decline in short interest in December. As of December 30th, there was short interest totalling 9,760,000 shares, a decline of 5.6% from the December 15th total of 10,340,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is presently 4.7 days. Approximately 5.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DT. BMO Capital Markets cut their target price on shares of Dynatrace from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, November 3rd. Royal Bank of Canada decreased their price objective on Dynatrace from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Barclays lowered Dynatrace from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $42.00 to $39.00 in a research note on Tuesday, January 10th. Wells Fargo & Company boosted their price objective on Dynatrace from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Robert W. Baird reduced their price objective on Dynatrace from $49.00 to $40.00 in a research note on Thursday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.63.

Insider Transactions at Dynatrace

In related news, CAO Alicia Allen sold 31,985 shares of Dynatrace stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $39.77, for a total value of $1,272,043.45. Following the completion of the transaction, the chief accounting officer now directly owns 87,281 shares in the company, valued at $3,471,165.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Dynatrace

Several hedge funds and other institutional investors have recently modified their holdings of DT. Raymond James Financial Services Advisors Inc. boosted its position in Dynatrace by 62.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,699 shares of the company’s stock worth $363,000 after purchasing an additional 2,966 shares during the period. HighTower Advisors LLC grew its holdings in shares of Dynatrace by 42.6% during the first quarter. HighTower Advisors LLC now owns 5,353 shares of the company’s stock worth $250,000 after purchasing an additional 1,598 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Dynatrace by 61.0% in 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 stake in Dynatrace in the first quarter valued at approximately $582,000. Finally, Raymond James Trust N.A. increased its position in shares of Dynatrace by 39.5% during the first quarter. Raymond James Trust N.A. now owns 6,511 shares of the company’s stock worth $307,000 after acquiring an additional 1,845 shares in the last quarter. Institutional investors and hedge funds own 97.17% of the company’s stock.

Dynatrace Stock Up 2.8 %

DT stock opened at $37.03 on Monday. The firm has a market capitalization of $10.66 billion, a price-to-earnings ratio of 370.34, a PEG ratio of 5.06 and a beta of 1.18. Dynatrace has a fifty-two week low of $29.41 and a fifty-two week high of $56.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.20 and a current ratio of 1.20. The company’s 50 day moving average price is $37.52 and its 200 day moving average price is $37.38.

Dynatrace (NYSE:DT – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $279.33 million for the quarter, compared to the consensus estimate of $273.92 million. Dynatrace had a net margin of 2.71% and a return on equity of 7.69%. On average, equities research analysts anticipate that Dynatrace will post 0.38 EPS for the current fiscal year.

Dynatrace Company Profile

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Dynatrace, Inc provides a software intelligence platform for dynamic multi-cloud environments. It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.