Dynatrace Inc [DT] stock Initiated by CapitalOne analyst, price target now $64

Dynatrace Inc [NYSE: DT] stock went on an upward path that rose over 0.04% on Thursday, amounting to a one-week price decrease of less than -6.07%. The company report on February 20, 2024 at 8:00 AM that Dynatrace to Present at Upcoming Investor Conference.

Dynatrace (NYSE: DT), the leader in unified observability and security, today announced that its executives will present at the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 5th at 3:35pm ET. Individuals may access the live webcast of the presentation here.

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The webcast will also be accessible on the Investor Relations section of the Dynatrace website, http://ir.dynatrace.com, and archived on the site for 30 days.

Over the last 12 months, DT stock rose by 16.61%. The one-year Dynatrace Inc stock forecast points to a potential upside of 23.12. The average equity rating for DT stock is currently 1.56, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $14.67 billion, with 290.41 million shares outstanding and 259.65 million shares in the current float. Compared to the average trading volume of 2.69M shares, DT stock reached a trading volume of 6010553 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Dynatrace Inc [DT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DT shares is $64.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DT stock is a recommendation set at 1.56. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CapitalOne have made an estimate for Dynatrace Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 21, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on February 13, 2024, representing the official price target for Dynatrace Inc stock. Previously, the target price had yet another raise to $62, while Scotiabank analysts kept a Sector Outperform rating on DT stock.

The Average True Range (ATR) for Dynatrace Inc is set at 1.75, with the Price to Sales ratio for DT stock in the period of the last 12 months amounting to 10.75. The Price to Book ratio for the last quarter was 7.66, with the Price to Cash per share for the same quarter was set at 2.64. Price to Free Cash Flow for DT in the course of the last twelve months was 42.61 with Quick ratio for the last quarter at 1.25.

DT Stock Performance Analysis:

Dynatrace Inc [DT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.07. With this latest performance, DT shares dropped by -14.90% in over the last four-week period, additionally plugging by 7.41% over the last 6 months – not to mention a rise of 16.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DT stock in for the last two-week period is set at 30.90, with the RSI for the last a single of trading hit 24.23, and the three-weeks RSI is set at 35.85 for Dynatrace Inc [DT]. The present Moving Average for the last 50 days of trading for this stock 55.32, while it was recorded at 50.51 for the last single week of trading, and 50.83 for the last 200 days.

Insight into Dynatrace Inc Fundamentals:

Dynatrace Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 1.25.

DT Stock EPS

With the latest financial reports released by the company, Dynatrace Inc posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 40.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dynatrace Inc go to 15.80%.

Dynatrace Inc [DT] Institutonal Ownership Details

The top three institutional holders of DT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DT stock with ownership which is approximately 5.8325%.