Reassessing The Changing Outlook For Dynatrace Inc (DT)

Currently, there are 296.96M common shares owned by the public and among those 280.77M shares have been available to trade.

The company’s stock has a 5-day price change of -9.64% and -14.22% over the past three months. DT shares are trading -25.96% year to date (YTD), with the 12-month market performance down to -14.33% lower. It has a 12-month low price of $39.42 and touched a high of $61.41 over the same period. DT has an average intraday trading volume of 3.52 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 -6.93%, -9.37%, and -17.26% respectively.

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Institutional ownership of Dynatrace Inc (NYSE: DT) shares accounts for 89.80% of the company’s 296.96M shares outstanding.

It has a market capitalization of $12.07B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 78.18, while the earnings-per-share (ttm) stands at $0.52. The company has a PEG of 7.63 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.85% over the week and 2.58% over the month.

Analysts forecast that Dynatrace Inc (DT) will achieve an EPS of 0.29 for the current quarter, 0.32 for the next quarter and 1.5 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.29 while analysts give the company a high EPS estimate of 0.29. Comparatively, EPS for the current quarter was 0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 6.42%, and 17.10% over the next financial year.

Looking at the support for the DT, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on June 27, 2024, with the firm’s price target at $50. Needham was of a view on April 01, 2024 that the stock is Hold, while Wolfe Research gave the stock Outperform rating on March 18, 2024, issuing a price target of $60. CapitalOne on their part issued Overweight rating on February 21, 2024.

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