The Vanguard Group, Inc. recently announced the acquisition of new stake in Dynatrace Inc. (NYSE:DT). The institutional investor has increased its shareholding in the Technology company by 46.57% to 14.08 million shares with purchase of 4.47 million shares. This fresh investment now brings its stake to 5.01% valued currently at $588.91 million. In addition, Fidelity Management & Research Co.. raised its holdings by 9.64 million to 12.19 million shares. And BlackRock Fund Advisors has lifted its position by 65.52% or 3.0 million shares – to 7.57 million shares.
With over 5.05 million Dynatrace Inc. (DT) shares trading Tuesday and a closing price of $47.09 on the day, the dollar volume was approximately $237.75 million. The shares have shown a positive weekly performance of 17.37% and its price on 09/01/20 gained nearly 6.47%. Currently, there are 279.07M common shares owned by the public and among those 155.64M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 17 analysts who have offered their price forecasts for DT have a consensus price objective of $49.38. The analysts have set the share’s price value over the next 12 months at a high of $55.00 and a low of $39.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Dynatrace Inc. stock is 1.90 for the next 12 months. The average price target is 4.64% above its last price level and an upside to the estimated low will see the stock lose -20.74% over that period. But an upside of 14.38% will see the stock hit the forecast high price target while mean target price for the stock is $50.00.
Insiders at the company have transacted a total of 103 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 291,940 shares. Insider sales of the common stock occurred on 91 occasions, with total insider shares sold totaling 81,913,789 shares.
The top 3 mutual fund holders in Dynatrace Inc. are Vanguard Total Stock Market Index, Fidelity Contrafund, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 4.39 million shares of the company’s stock, all valued at over $183.69 million. The company sold 19012.0 shares recently to bring their total holdings to about 1.56% of the shares outstanding. Fidelity Contrafund bought 3.23 million shares to see its total holdings expand to 4.04 million shares valued at over $168.82 million and representing 1.44% of the shares outstanding. Vanguard Small Cap Index Fund sold 27759.0 shares to bring its total holdings to over 3.84 million shares at a value of $160.65 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.37% of the shares outstanding.
Shares of Dynatrace Inc. (NYSE: DT) opened at $44.91, up $0.68 from a prior closing price of $44.23. However, the script later closed the day at $47.09, up 6.47%. The company’s stock has a 5-day price change of 17.37% and 29.98% over the past three months. DT shares are trading 86.13% year to date (YTD), with the 12-month market performance up to 103.85% higher. It has a 12-month low price of $17.05 and touched a high of $44.65 over the same period. Currently, 5.05 million shares have been traded, compared to an average intraday trading volume of 3.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 18.07%, 14.55%, and 46.76% respectively.
Institutional ownership of Dynatrace Inc. (NYSE: DT) shares accounts for 92.40% of the company’s 279.07M shares outstanding. Mutual fund holders own 23.98%, while other institutional holders and individual stakeholders account for 35.35% and 23.38% respectively.
It has a market capitalization of $13.06B. The earnings-per-share (ttm) stands at -$1.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.70% over the week and 4.46% over the month.
Analysts forecast that Dynatrace Inc. (DT) will achieve an EPS of $0.1 for the current quarter, $0.13 for the next quarter and $0.57 for 2022. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -289.30%, and 17.81% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 17 brokerage firm advisors rate Dynatrace Inc. (DT) as a “Strong Buy” at a consensus score of 1.90. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 2 of the 17 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DT, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on June 19, 2020, with the firm’s price target at $32-$51. Needham coverage for the Dynatrace Inc. (DT) stock in a research note released on May 07, 2020 offered a Buy rating with a price target of $36. BofA/Merrill was of a view on April 22, 2020 that the stock is Buy, while DA Davidson gave the stock Buy rating on April 16, 2020, issuing a price target of $34. Rosenblatt on their part issued Neutral rating on April 07, 2020.