The Vanguard Group, Inc. has recently announced that it has increased stake in Dynatrace Inc (NYSE:DT) by 2.37%. After grabbing 21.67 million shares, the institutional investor is now in possession of 0.5 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.39% having worth around $1.01 billion. Moreover, T. Rowe Price Associates, Inc. increased its share by 13.62 million to have a control over 20.39 million shares. And BlackRock Fund Advisors raised its holdings to 0.24 million shares by acquiring 19.53 million shares or 6.66% of the stake.
Dynatrace Inc (DT) concluded trading on 11/15/23 at a closing price of $50.96, with 6.76 million shares of worth about $344.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.26% during that period and on Wednesday the price saw a loss of about -3.01%. Currently the company’s common shares owned by public are about 290.41M shares, out of which, 247.55M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 27 analysts are covering the DT stock and their offered price forecasts bring an average price target of $56.13. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $65.00 and could fall to a lowest price of $38.00. The stock’s current price level is 9.19% above of average price target set by the analysts, while a rise to estimated low would result in loss of -34.11% for the stock. However, touching the estimated high of $65.00 would mean a gain of 21.6% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 76 times over the past 12 months. They bought 1,341,574 shares in 32 of the transactions. In 44 selling transactions, insiders dumped 33,188,808 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Dynatrace Inc iShares Core S&P Mid Cap ETF is currently holding 7.42 million shares of worth totaling $346.59 million. The company recently came buying 0.0 shares which brought its stake up to 2.53% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 0.56 million shares, after which its hold over company’s outstanding shares expand to 2.49%, leaving 7.3 million shares with the mutual fund that have a worth of about $341.22 million. Vanguard Small Cap Index Fund, after buying 6.04 million shares, have now control over 2.06% of the stake in the company. It holds 0.36 million shares of worth $282.16 million.
Dynatrace Inc (NYSE: DT) started trading at $50.80, below -$1.74 from concluding price of the previous day. However, the stock later moved at a day high price of 51.60, or with a loss of -3.01%. Stock saw a price change of 3.26% in past 5 days and over the past one month there was a price change of 4.58%. Year-to-date (YTD), DT shares are showing a performance of 33.05% which increased to 36.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.39 but also hit the highest price of $55.87 during that period. The average intraday trading volume for Dynatrace Inc shares is 2.23 million. The stock is currently trading 8.03% above its 20-day simple moving average (SMA20), while that difference is up 7.86% for SMA50 and it goes to 9.40% higher than SMA200.
The Vanguard Group, Inc. acquired 21.67 million shares of Dynatrace Inc having value of about $1.01 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.5 million shares in the company valued at close to $25558886.08, or have control over 2.37% stake in the company. Dynatrace Inc (NYSE: DT) currently have 290.41M outstanding shares and institutions hold larger chunk of about 79.64% of that. Holding of mutual funds in the company is about 44.52% while other institutional holders and individual stake holders have control over 50.25% and 29.99% of the stake respectively.
The stock has a current market capitalization of $15.00B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 88.80, while it has posted earnings per share of $0.57 in the same period. Its PEG reads 7.22 and has Quick Ratio of 1.19 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DT, volatility over the week remained 2.50% while standing at 3.24% over the month.
Analysts are in expectations that Dynatrace Inc (DT) stock would likely to be making an EPS of $0.28 in the current quarter, while forecast for next quarter EPS is $0.25 and it is $1.27 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.27 which is $0.28 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 14.45% while it is estimated to increase by 14.15% in next year. EPS is likely to shrink at an annualized rate of 12.30% for next 5-years, compared to annual growth of 62.27% made by the stock over the past 5-years.
Analysts at 27 brokerage firms have issued recommendations for the Dynatrace Inc (DT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.59. Out of those 27 Wall Street analysts, 18 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on October 23, 2023 offering a Buy rating for the stock and assigned a target price of $58 to it.
