Investors Buy Large Volume of Call Options on Dynatrace (NYSE:DT)

Dynatrace, Inc. (NYSE:DT) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 6,336 call options on the stock. This is an increase of 176% compared to the average volume of 2,297 call options.

Insiders Place Their Bets

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the 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 transaction, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred 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 sale, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,432 shares of company stock valued at $7,159,599. 0.59% of the stock is currently owned by insiders.

Institutional Trading of Dynatrace

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in Dynatrace by 21.9% during the third quarter. Retirement Systems of Alabama now owns 361,884 shares of the company’s stock valued at $19,350,000 after purchasing an additional 64,999 shares in the last quarter. Synovus Financial Corp grew its position in Dynatrace by 27.8% in the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock valued at $3,427,000 after acquiring an additional 13,957 shares during the last quarter. QRG Capital Management Inc. raised its stake in Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company’s stock worth $3,484,000 after acquiring an additional 9,251 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Dynatrace in the fourth quarter worth about $842,000. Finally, Allstate Corp acquired a new stake in shares of Dynatrace in the 4th quarter valued at approximately $471,000. Institutional investors own 94.28% of the company’s stock.

Dynatrace Stock Down 0.3 %

DT opened at $43.08 on Friday. Dynatrace has a twelve month low of $39.30 and a twelve month high of $63.00. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 7.05 and a beta of 1.05. The company has a 50-day simple moving average of $51.28 and a 200 day simple moving average of $53.52.

Analyst Upgrades and Downgrades

Several brokerages have commented on DT. Stifel Nicolaus raised their target price on shares of Dynatrace from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Cantor Fitzgerald reissued a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. DA Davidson dropped their target price on shares of Dynatrace from $70.00 to $52.00 and set a “buy” rating on the stock in a report on Monday. UBS Group boosted 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. Finally, Wedbush reissued an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.83.

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.