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

Dynatrace, Inc. (NYSE:DT) was the target of unusually large options trading on Monday. Stock investors purchased 4,386 call options on the stock. This is an increase of 28% compared to the typical daily volume of 3,440 call options.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of Dynatrace from $60.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, October 13th. Morgan Stanley raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $58.00 to $65.00 in a research note on Tuesday, August 25th. Wedbush downgraded shares of Dynatrace from an “outperform” rating to a “neutral” rating and set a $54.00 target price on the stock. in a report on Thursday, September 10th. Yorkville Ives started coverage on shares of Dynatrace in a report on Tuesday, October 6th. They issued an “in-line” rating and a $62.00 target price on the stock. Finally, KeyCorp upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Twenty-four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.97.

Dynatrace Stock Down 1.9%

DT traded down $1.08 during trading on Monday, reaching $56.61. The company had a trading volume of 2,506,243 shares, compared to its average volume of 6,549,183. The business has a 50 day simple moving average of $57.59 and a 200-day simple moving average of $44.52. The stock has a market cap of $16.36 billion, a P/E ratio of 113.11, a PEG ratio of 3.54 and a beta of 0.76. Dynatrace has a 52 week low of $31.64 and a 52 week high of $66.30.

Dynatrace (NYSE:DT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. The business had revenue of $554.55 million for the quarter, compared to analysts’ expectations of $550.01 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. As a group, equities research analysts expect that Dynatrace will post 1.11 EPS for the current fiscal year.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the transaction, the executive vice president directly owned 904,846 shares in the company, valued at approximately $51,766,239.66. This represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by company insiders.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DT. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Dynatrace during the third quarter valued at approximately $39,000. CX Institutional lifted its stake in shares of Dynatrace by 1,119.0% during the 2nd quarter. CX Institutional now owns 707 shares of the company’s stock worth $31,000 after acquiring an additional 649 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Dynatrace by 37.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 929 shares of the company’s stock worth $54,000 after acquiring an additional 255 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in shares of Dynatrace during the 3rd quarter worth approximately $61,000. Finally, Root Financial Partners LLC purchased a new position in Dynatrace during the 3rd quarter valued at $86,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides an observability and application security platform designed to help organizations monitor, analyze and optimize complex digital environments. Its software uses artificial intelligence and automation to provide visibility across applications, infrastructure, cloud services, logs, user experiences and business operations.

The company’s products support application performance monitoring, infrastructure monitoring, digital experience monitoring, log and analytics management, cloud automation and application security.