Dynatrace, Inc. (NYSE:DT) Short Interest Up 23.1% in March

Dynatrace, Inc. (NYSE:DT) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,550,000 shares, a growth of 23.1% from the February 28th total of 5,320,000 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 3,050,000 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $57.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Jefferies Financial Group reduced their price target on shares of Dynatrace from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank of Canada upped their price objective on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, UBS Group lifted their target price on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Dynatrace presently has an average rating of “Moderate Buy” and a consensus price target of $63.35.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total value of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by company insiders.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after purchasing an additional 176 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Dynatrace by 2.9% during the fourth quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock valued at $342,000 after purchasing an additional 177 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after purchasing an additional 206 shares in the last quarter. Virtue Capital Management LLC increased its holdings in shares of Dynatrace by 4.2% in the third quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after purchasing an additional 212 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Dynatrace by 6.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after buying an additional 216 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Trading Up 1.3 %

NYSE DT traded up $0.63 on Wednesday, reaching $48.46. 2,259,361 shares of the stock were exchanged, compared to its average volume of 3,219,452. Dynatrace has a one year low of $39.42 and a one year high of $63.00. The firm has a market capitalization of $14.51 billion, a PE ratio of 30.29, a PEG ratio of 7.05 and a beta of 1.12. The company’s 50-day simple moving average is $55.33 and its two-hundred day simple moving average is $54.41.

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.