Dynatrace, Inc. (NYSE:DT) Sees Large Decline in Short Interest

Dynatrace, Inc. (NYSE:DT) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 7,971,056 shares, a decline of 13.4% from the February 26th total of 9,207,674 shares. Based on an average daily trading volume, of 6,602,828 shares, the short-interest ratio is currently 1.2 days. Approximately 2.7% of the shares of the stock are short sold.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Stephen A. Mcmahon bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of $35.75 per share, for a total transaction of $107,250.00. Following the transaction, the executive vice president owned 3,454 shares of the company’s stock, valued at $123,480.50. This represents a 660.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in Dynatrace by 719.3% during the 3rd quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after buying an additional 6,444,262 shares in the last quarter. Scge Management L.P. purchased a new position in shares of Dynatrace during the second quarter worth approximately $155,858,000. Alyeska Investment Group L.P. raised its stake in shares of Dynatrace by 1,201.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,888,249 shares of the company’s stock valued at $125,177,000 after acquiring an additional 2,666,373 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Dynatrace by 16.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock valued at $634,985,000 after purchasing an additional 2,076,990 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Dynatrace by 123,910.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,881,245 shares of the company’s stock worth $81,533,000 after purchasing an additional 1,879,728 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DT. Barclays dropped their price target on Dynatrace from $57.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Robert W. Baird set a $47.00 target price on Dynatrace in a report on Tuesday, February 10th. Scotiabank cut their target price on Dynatrace from $60.00 to $47.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, February 10th. Guggenheim restated a “buy” rating and set a $68.00 price target on shares of Dynatrace in a report on Tuesday, February 10th. Finally, UBS Group set a $64.00 price target on Dynatrace in a research report on Thursday, March 12th. Nineteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.48.

Dynatrace Price Performance

Shares of NYSE DT opened at $37.05 on Tuesday. Dynatrace has a 1 year low of $32.83 and a 1 year high of $57.55. The firm has a 50-day simple moving average of $37.45 and a two-hundred day simple moving average of $43.08. The company has a market cap of $11.05 billion, a P/E ratio of 60.74, a PEG ratio of 2.86 and a beta of 0.82.

Dynatrace (NYSE:DT) last released its earnings results on Monday, February 9th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Dynatrace had a return on equity of 9.75% and a net margin of 9.55%.The firm had revenue of $515.47 million for the quarter, compared to analysts’ expectations of $506.31 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. Dynatrace has set its FY 2026 guidance at 1.670-1.690 EPS and its Q4 2026 guidance at 0.380-0.390 EPS. As a group, equities research analysts expect that Dynatrace will post 0.68 EPS for the current year.

Dynatrace declared that its Board of Directors has approved a stock buyback plan on Monday, February 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 9.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

About Dynatrace

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.