Stock Traders Purchase Large Volume of Dynatrace Call Options (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) saw unusually large options trading activity on Friday. Investors acquired 6,598 call options on the stock. This is an increase of 109% compared to the average daily volume of 3,150 call options.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Loop Capital cut their price objective on shares of Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. BMO Capital Markets lifted their target price on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Piper Sandler initiated coverage on Dynatrace in a research note on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $59.70.

Dynatrace Price Performance

NYSE:DT opened at $51.35 on Friday. The stock has a market cap of $15.31 billion, a PE ratio of 98.75, a price-to-earnings-growth ratio of 7.63 and a beta of 1.05. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The stock’s 50-day moving average is $47.64 and its two-hundred day moving average is $46.53.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The company had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same quarter last year, the business posted $0.16 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts anticipate that Dynatrace will post 0.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the sale, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock valued at $3,804,069 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Dynatrace

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. Janus Henderson Group PLC lifted its position in Dynatrace by 8.7% during the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock worth $338,053,000 after acquiring an additional 583,220 shares during the last quarter. American Century Companies Inc. boosted its holdings in Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock valued at $299,827,000 after acquiring an additional 782,588 shares during the period. RGM Capital LLC grew its position in shares of Dynatrace by 6.2% in the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock valued at $172,194,000 after purchasing an additional 225,000 shares during the last quarter. Finally, Eminence Capital LP bought a new position in shares of Dynatrace in the second quarter worth about $158,369,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.