Stock Traders Buy High Volume of Dynatrace Put Options (NYSE:DT)

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

Analysts Set New Price Targets

A number of brokerages have weighed in on DT. Guggenheim lifted their target price on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Wedbush initiated coverage on shares of Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price objective on the stock. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Scotiabank upped their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dynatrace currently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 41,471 shares in the company, valued at $2,280,905. The trade was a 10.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,027 shares of company stock valued at $3,168,084 in the last quarter. Corporate insiders own 0.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DT. Retirement Systems of Alabama increased its holdings in Dynatrace by 21.9% in the 3rd 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 during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Dynatrace in the third quarter valued at $300,000. Synovus Financial Corp raised its holdings in Dynatrace by 27.8% during the third quarter. Synovus Financial Corp now owns 64,093 shares of the company’s stock worth $3,427,000 after purchasing an additional 13,957 shares in the last quarter. Tidal Investments LLC grew its position in Dynatrace by 2.7% during the third quarter. Tidal Investments LLC now owns 35,113 shares of the company’s stock worth $1,877,000 after buying an additional 923 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Dynatrace in the third quarter valued at $131,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 3.5 %

Dynatrace stock traded down $1.96 during mid-day trading on Wednesday, hitting $53.54. The company had a trading volume of 3,225,374 shares, compared to its average volume of 3,371,049. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 97.35, a P/E/G ratio of 8.20 and a beta of 1.01. The company’s fifty day moving average is $54.78 and its 200-day moving average is $50.02. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41.

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.