In a filing, Dynatrace Inc. revealed its SVP, Chief Technology Officer Greifeneder Bernd unloaded Company’s shares for reported $0.22 million on Feb 16. In the deal valued at $43.49 per share,4,972 shares were sold. As a result of this transaction, Greifeneder Bernd now holds 932,617 shares worth roughly $ 40.05 million.
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Then, Pace Stephen J. sold 4,317 shares, generating $187,763 in total proceeds. Upon selling the shares at $43.49, the Chief Revenue Officer now owns 120,923 shares.
Before that, Dollentz-Scharer Matthias sold 2,314 shares. Dynatrace Inc. shares valued at $100,645 were divested by the Chief Customer Officer at a price of $43.49 per share. As a result of the transaction, Dollentz-Scharer Matthias now holds 68,779 shares, worth roughly $2.95 million.
Barclays downgraded its Dynatrace Inc. [DT] rating to an Equal weight from a an Overweight in a research note published On Friday, January 10, 2023; the price target was decreased to $39 from $42. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Macquarie began covering DT with “Neutral” recommendation on November 02, 2022. Wells Fargo started covering the stock on October 11, 2022. It rated DT as “an Overweight”.
Price Performance Review of DT
On Friday, Dynatrace Inc. [NYSE:DT] saw its stock fall -1.01% to $42.94. Over the last five days, the stock has lost -1.90%. Dynatrace Inc. shares have risen nearly 12.11% since the year began. Nevertheless, the stocks have risen 4.50% over the past one year. While a 52-week high of $49.55 was reached on 02/07/23, a 52-week low of $29.41 was recorded on 01/25/23. SMA at 50 days reached $39.99, while 200 days put it at $38.28. A total of 3.35 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For DT Stock
The 24-hour chart illustrates a support level at 42.47, which if violated will result in even more drops to 42.00. On the upside, there is a resistance level at 43.21. A further resistance level may holdings at 43.47. The Relative Strength Index (RSI) on the 14-day chart is 53.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.95%. Stochastics %K at 20.11% indicates the stock is a holding.
How much short interest is there in Dynatrace Inc.?
A steep rise in short interest was recorded in Dynatrace Inc. stocks on Jan 30, 2023, dropping by -1.3 million shares to a total of 8.46 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 9.76 million shares. There was a decline of -15.37%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.46.
Dynatrace Inc. [DT] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 19,413,365 shares, or roughly 6.74% of the outstanding DT shares. In other words, the investor’s shares have risen by 286,870 from its previous 13-F filing of 19126495.0. Additionally, BlackRock Fund Advisors increased 114.23% of its stake after which the total value it holdings stand at $686,479,356, while Brown Advisory LLC reduced -1.68% of its stake to hold $486.65 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -735,655 shares of Dynatrace Inc., while Farallon Capital Management LLC sold 716,269 shares. At present, Wellington Management Co. LLP is holding 7,671,604 shares valued at $294.82 million. Janus Henderson Investors US LLC owned 6,679,599 shares of the company at the time of its most recent 13F filing, worth $256.7 million.
According to FactSet, Dynatrace Inc.’s share price will average $49.24 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.26 percent from its previous closing price of $43.38. Analysts expect Dynatrace Inc. stock to reach the higher price of $58.00, while the lowest price estimate is $38.00. However, 25 analysts have rated DT stock as an Overweight in their predictions for 2023.