Short Interest in Dynatrace, Inc. (NYSE:DT) Declines By 22.0%

Dynatrace, Inc. (NYSE:DT) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 4,510,000 shares, a decrease of 22.0% from the January 15th total of 5,780,000 shares. Based on an average daily volume of 3,500,000 shares, the short-interest ratio is currently 1.3 days.

Dynatrace Stock Performance

NYSE:DT opened at $61.35 on Friday. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 6.93 and a beta of 1.04. Dynatrace has a 1 year low of $39.42 and a 1 year high of $63.00. The business has a fifty day moving average of $55.52 and a 200-day moving average of $53.08.

Analyst Upgrades and Downgrades

DT has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Barclays raised their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Loop Capital upped their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.74.

Insider Buying and Selling

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 87,459 shares of company stock valued at $5,177,882. Company insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of DT. CWM LLC lifted its holdings in shares of Dynatrace by 199.8% in the third quarter. CWM LLC now owns 7,066 shares of the company’s stock valued at $378,000 after buying an additional 4,709 shares during the period. Creative Planning raised its position in Dynatrace by 46.7% in the third quarter. Creative Planning now owns 25,892 shares of the company’s stock worth $1,384,000 after acquiring an additional 8,247 shares in the last quarter. Swedbank AB lifted its holdings in Dynatrace by 15.1% in the 3rd quarter. Swedbank AB now owns 92,862 shares of the company’s stock valued at $4,965,000 after acquiring an additional 12,200 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Dynatrace during the 3rd quarter valued at about $335,000. Finally, Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

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.