Dynatrace (NYSE:DT) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,600,000 shares, a growth of 18.1% from the December 15th total of 4,740,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 4.5 days. Approximately 5.6% of the company’s shares are sold short.

Several equities research analysts have weighed in on the stock. Citigroup raised shares of Dynatrace from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research report on Thursday, October 31st. Zacks Investment Research cut shares of Dynatrace from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. Jefferies Financial Group increased their price target on shares of Dynatrace from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. They noted that the move was a valuation call. Finally, Barclays reissued a “buy” rating and set a $27.00 price target on shares of Dynatrace in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.04.

Shares of NYSE:DT traded down $1.04 on Tuesday, hitting $27.79. The company had a trading volume of 2,478,177 shares, compared to its average volume of 1,938,697. The stock’s 50-day moving average is $25.94. Dynatrace has a 1 year low of $17.05 and a 1 year high of $30.15. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.64.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, October 30th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $129.40 million during the quarter, compared to analysts’ expectations of $123.57 million. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. Equities analysts forecast that Dynatrace will post 0.24 EPS for the current fiscal year.

In other Dynatrace news, major shareholder Thoma Bravo, Llc sold 3,636,066 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $24.01, for a total transaction of $87,301,944.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY purchased a new stake in shares of Dynatrace in the 3rd quarter worth about $44,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Dynatrace in the 3rd quarter worth about $226,000. California Public Employees Retirement System purchased a new stake in shares of Dynatrace in the 3rd quarter worth about $260,000. Rhumbline Advisers purchased a new stake in shares of Dynatrace in the 3rd quarter worth about $395,000. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of Dynatrace in the 3rd quarter worth about $470,000. 87.08% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides a software intelligence platform for the enterprise cloud applications. It offers Dynatrace, a platform for running an enterprise cloud. The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.

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