Dynatrace Target of Unusually High Options Trading (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) saw unusually large options trading activity on Wednesday. Traders acquired 200,153 put options on the company. This is an increase of approximately 9,235% compared to the average volume of 2,144 put options.

Dynatrace Stock Down 3.5 %

DT stock traded down $1.96 during midday trading on Wednesday, hitting $53.54. The company’s stock had a trading volume of 3,225,374 shares, compared to its average volume of 3,371,049. The stock’s 50-day moving average price is $54.78 and its 200 day moving average price is $50.02. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 97.35, a PEG ratio of 8.20 and a beta of 1.01.

Insiders Place Their Bets

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares in the company, 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 have sold a total of 55,027 shares of company stock valued at $3,168,084 over the last quarter. Company insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DT. Virtue Capital Management LLC lifted its holdings in Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after buying an additional 212 shares during the period. Atria Investments Inc boosted its holdings in shares of Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after acquiring an additional 240 shares during the last quarter. Avior Wealth Management LLC raised its stake in Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after buying an additional 248 shares during the last quarter. Riverview Trust Co lifted its holdings in 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 acquiring an additional 257 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Dynatrace by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after acquiring an additional 266 shares during the period. 94.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on DT shares. 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. Scotiabank lifted their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Loop Capital lifted their price objective on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, November 8th. UBS Group initiated coverage on Dynatrace in a research report on Wednesday, November 27th. They set a “neutral” rating and a $58.00 target price for the company. Finally, Guggenheim boosted their price objective on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.88.

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.