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

Dynatrace, Inc. (NYSE: DT) A target for some unusual trading options on Friday. Investors bought 80,296 put options in the stock. This is an increase of approximately 822% compared to the average volume of 8,713 connection options.

In related news, Cyclen CEO John Van sold 55,000 shares of the stock in a transaction dated Monday, November 15th. The stock sold for an average price of $70.07, bringing the total transactions to $3,853,850.00. The deal was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, SVP Stephen J. Pace sold 2,346 shares of the stock in a transaction dated Tuesday, November 16th. The stock sold for an average price of $69.28, with a total value of $162,530.88. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 195,942 shares of company stock valued at $12,963,378. Corporate insiders own 0.88% of the company’s shares.

Institutional investors have recently added or reduced their stakes in a business. Total Clarity Wealth Management Inc. A new stake in shares of Dynatrace in the 3rd quarter valued at $35,000. Advisory Services Network LLC purchased a new stake in shares of Dynatrace in the second quarter valued at $42,000. Dark Forest Capital Management LP purchased a new stake in Dynatrace in the 3rd quarter valued at $44,000. Shell Asset Management Inc boosted its position in Dynatrace shares by 79.7% in the second quarter. Shell Asset Management now owns 927 shares of the company’s stock, valued at $54,000, after purchasing an additional 411 shares during this period. Finally, Rockefeller Capital Management LP boosted its position in shares of Dynatrace by 289.2% in the 3rd quarter. Rockefeller Capital Management LP now owns 868 shares of the company’s stock, valued at $61,000, after purchasing an additional 645 shares during this period. 93.84% of the shares are owned by institutional investors.

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DT stock traded down $0.97 during midday Friday, reaching $49.17. 180,417 shares of the stock were traded, compared to an average trading volume of 2,723,246 shares. The 50-day moving average for the stock is $60.10 and the 200-day moving average is $65.62. The stock has a market capitalization of $14.02 billion, a price-earnings ratio of 179.68, a price-earnings ratio of 9.12 and beta 1.42. Dynatrace has a 52-week low at $39.82 and a 52-week high at $80.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.10.

Dynatrace NYSE:DT released its latest quarterly earnings data on Wednesday, October 27. The company reported earnings of $0.18 per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company generated $226.35 million in revenue for the quarter, compared to analysts’ expectations of $220.66 million. Dynatrace had a return on equity of 10.83% and a net margin of 10.09%. Dynatrace revenue increased 34.3% year over year. During the same period in the previous year, the company reported earnings of $0.14 per share. Research analysts expect Dynatrace to post 0.35 EPS for the current year.

A number of research analysts recently commented on the company. Loop Capital raised its price target on Dynatrace from $65.00 to $75.00 and assigned the company a “hold” rating in a report on Thursday, October 28. Barclays lowered its price target on Dynatrace from $85.00 to $65.00 in a report on Wednesday, January 12th. BMO Capital Markets raised its price target on Dynatrace from $72.00 to $81.00 and assigned the company a “superior” rating in a report on Thursday, October 28. Zacks Investment Research upgraded Dynatrace from a “hold” rating to a “buy” rating and set a $57.00 price target for the stock in a report released on Thursday. Finally, Rosenblatt Securities raised its price target on Dynatrace from $65.00 to $81.00 and assigned the company a “buy” rating in a report on Friday, October 22nd. Two investment analysts have rated the stock with a hold rating and twenty have given the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a target price of $72.81.

Dynatrace Company Profile

Dynatrace, Inc offers a software intelligence platform, designed specifically for the enterprise cloud. The company’s platform uses artificial intelligence at its core and advanced automation to provide answers, not just data, about application performance, core hybrid cloud infrastructure, and customer user experience.

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