Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dynatrace Inc. shares valued at $1,052,120 were sold by Pace Stephen J. on Sep 08. At $40.00 per share, Pace Stephen J. sold 26,303 shares. The insider’s holdings dropped to 137,378 shares worth approximately $4.68 million following the completion of this transaction.
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Also, Pace Stephen J. sold 25,000 shares, netting a total of over 962,585 in proceeds. Following the sale of shares at $38.50 each, the insider now holds 139,963 shares.
Before that, Burns Kevin C had sold 4,569 shares from its account. In a trade valued at $193,815, the CFO and Treasurer traded Dynatrace Inc. shares for $42.42 each. Upon closing the transaction, the insider’s holdings decreased to 4,569 shares, worth approximately $4.35 million.
As published in their initiating research note from MoffettNathanson on September 22, 2022, Dynatrace Inc. [DT] has been a Hold and the price target has been revised to $52. This represents a 34.42% premium over Thursday’s closing price. Earlier on February 03, 2022, RBC Capital Mkts resumed its rating. Their recommendation was “an Outperform” for DT stock.
Analyzing DT’s Price Performance
On Thursday, Dynatrace Inc. [NYSE: DT] plunged -4.96% to $34.10. The stock’s lowest price that day was $33.45, but it reached a high of $35.94 in the same session. During the last five days, there has been a drop of approximately -11.75%. Over the course of the year, Dynatrace Inc. shares have dropped approximately -43.50%. Shares of the company reached a 52-week high of $61.17 on 01/03/22 and a 52-week low of $29.41 on 05/12/22. A 50-day SMA is recorded $38.92, while a 200-day SMA reached $43.72. Nevertheless, trading volume fell to 3.32 million shares from 2.72 million shares the previous day.
Support And Resistance Levels for Dynatrace Inc. (DT)
According to the 24-hour chart, there is a support level at 33.05, which, if violated, would cause prices to drop to 32.01. In the upper region, resistance lies at 35.54. The next price resistance is at 36.99. RSI (Relative Strength Index) is 32.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.44, which suggests the price will decrease in the coming days. Percent R is at 92.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Dynatrace Inc. subject to short interest?
Stocks of Dynatrace Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.18 million shares to 8.9 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.08 million shares. A decline of -2.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.37 of the overall float, the days-to-cover ratio (short ratio) decline to 3.37.
Which companies own the most shares of Dynatrace Inc. (DT)?
According to The Vanguard Group, Inc. filings, the company currently owns 18,422,202 shares, which is about 6.41% of the total DT shares outstanding. The investor’s shares have appreciated by 258,104 from its previous 13-F filing of 18164098.0 shares. With the completion of the buy transaction, Brown Advisory LLC’s stake is now worth $468,435,422. Fidelity Management & Research Co reduced a -11.06% interest valued at $408.24 million while BlackRock Fund Advisors sold a -253,955 stake. A total of 7,847,000 shares of Dynatrace Inc. were sold by Farallon Capital Management LLC during the quarter, and -134,839 were sold by Janus Henderson Investors US LLC. In its current portfolio, HMI Capital Management LP holds 7,144,307 shares valued at $272.77 million.
In terms of Dynatrace Inc. share price expectations, FactSet research, analysts set an average price target of $50.63 in the next 12 months, up nearly 39.35% from the previous closing price of $35.88. Analysts anticipate Dynatrace Inc. stock to reach $62.00 by 2022, with the lowest price target being $40.00. In spite of this, 21 analysts ranked Dynatrace Inc. stock as an Overweight at the end of 2022. On February 03, 2022, Needham assigned a price target of “a Buy” to the stock and reiterated coverage with a $56.