Dynatrace Sees Unusually High Options Volume (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) was the recipient of some unusual options trading on Wednesday. Investors bought 200,153 put options on the stock. This represents an increase of 9,235% compared to the typical daily volume of 2,144 put options.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group assumed coverage on Dynatrace in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective on the stock. BMO Capital Markets lifted their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. BTIG Research upped their price objective on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush assumed coverage on shares of Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 target price on the stock. Finally, Barclays boosted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Dynatrace Trading Up 0.0 %

Shares of DT opened at $53.56 on Friday. The firm has a fifty day simple moving average of $54.75 and a two-hundred day simple moving average of $50.07. The firm has a market cap of $15.99 billion, a PE ratio of 97.38, a P/E/G ratio of 8.20 and a beta of 1.01. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 41,471 shares in the company, valued at $2,280,905. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the transaction, the executive vice president now directly owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents 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 have sold 55,027 shares of company stock worth $3,168,084. 0.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dynatrace

Institutional investors and hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new position in shares of Dynatrace in the second quarter worth about $26,000. Riverview Trust Co boosted its stake in shares of Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the period. UMB Bank n.a. grew its position in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares in the last quarter. Paladin Wealth LLC bought a new stake in Dynatrace during the 3rd quarter valued at approximately $38,000. Finally, First Horizon Advisors Inc. lifted its holdings in Dynatrace by 62.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 983 shares of the company’s stock worth $44,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.