Dynatrace Inc (NYSE:DT) shares were last seen up 4.4% to trade at $35.19, after the AI firm announced a strong fiscal third quarter and raised its fiscal 2026 outlook. The company also expressed optimism in its business fundamentals as it revealed a new $1 billion share buyback plan.
Analysts are already optimistic on DT, with 24 of 32 firms in coverage sporting a "buy" or better rating. Plus, the 12-month consensus target price of $57.27 is a 62.9% premium to the stock's current levels.
The equity is today testing resistance from its 100-day moving average, which has capped gains since December. Though DT is now on eyeing its best day since May, it still carries a 41% year-over-year deficit.
At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DT's 50-day put/call volume ratio sits higher than 82% of readings from the past year, meaning options traders have been much more bearish than usual.
Drilling down to today's options activity, 2,551 calls have changed hands so far -- triple the intraday average volume -- compared to a meager 360 puts. The most popular contract is the February 37.50 call.
