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

Dynatrace, Inc. (NYSE:DT) saw unusually large options trading activity on Thursday. Stock traders bought 5,774 call options on the company. This is an increase of 148% compared to the average daily volume of 2,332 call options.

In related news, CFO Kevin C. Burns sold 37,498 shares of the stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $61.55, for a total transaction of $2,308,001.90. Following the completion of the sale, the chief financial officer now owns 100,034 shares in the company, valued at approximately $6,157,092.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Siclen John Van sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $71.05, for a total transaction of $3,907,750.00. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sarasin & Partners LLP increased its stake in shares of Dynatrace by 15.6% during the second quarter. Sarasin & Partners LLP now owns 99,953 shares of the company’s stock valued at $5,839,000 after buying an additional 13,479 shares during the period. Geode Capital Management LLC grew its stake in Dynatrace by 2.9% in the first quarter. Geode Capital Management LLC now owns 2,150,004 shares of the company’s stock worth $103,577,000 after purchasing an additional 61,504 shares during the period. APG Asset Management N.V. grew its stake in Dynatrace by 22.4% in the first quarter. APG Asset Management N.V. now owns 315,361 shares of the company’s stock worth $12,944,000 after purchasing an additional 57,634 shares during the period. Sturgeon Ventures LLP grew its stake in Dynatrace by 6.5% in the second quarter. Sturgeon Ventures LLP now owns 107,574 shares of the company’s stock worth $6,284,000 after purchasing an additional 6,571 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Dynatrace by 11.7% in the second quarter. PNC Financial Services Group Inc. now owns 4,497 shares of the company’s stock worth $263,000 after purchasing an additional 472 shares during the period. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on DT shares. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of Dynatrace in a report on Wednesday, September 15th. Royal Bank of Canada upped their price objective on shares of Dynatrace from $67.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Canaccord Genuity boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. William Blair reissued a “buy” rating on shares of Dynatrace in a research report on Wednesday, September 15th. Finally, Robert W. Baird upped their price objective on shares of Dynatrace from $57.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 21st. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $65.19.

Shares of DT traded up $1.82 during trading hours on Thursday, reaching $77.78. 28,906 shares of the company’s stock traded hands, compared to its average volume of 1,307,437. The stock has a market cap of $22.11 billion, a PE ratio of 299.36, a price-to-earnings-growth ratio of 22.07 and a beta of 1.44. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.31. The firm’s 50 day simple moving average is $68.72 and its 200-day simple moving average is $59.50. Dynatrace has a 12 month low of $33.83 and a 12 month high of $76.28.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, July 28th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.07. The company had revenue of $209.74 million during the quarter, compared to the consensus estimate of $202.83 million. Dynatrace had a return on equity of 12.28% and a net margin of 10.05%. As a group, analysts expect that Dynatrace will post 0.43 earnings per share for the current fiscal year.

Dynatrace Company Profile

Dynatrace, Inc offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users.

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