Dynatrace (DT) Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dynatrace in the last twelve months. There are currently 7 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DT shares.
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23 Wall Street analysts have issued 1 year price targets for Dynatrace's stock. Their DT share price forecasts range from $35.00 to $60.00. On average, they anticipate the company's share price to reach $50.14 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
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Dynatrace's stock was trading at $38.30 at the start of the year. Since then, DT shares have increased by 37.9% and is now trading at $52.83.
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Dynatrace saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 10,830,000 shares, an increase of 15.0% from the April 30th total of 9,420,000 shares. Based on an average daily trading volume, of 2,570,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 5.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Dynatrace, Inc. (NYSE:DT) posted its quarterly earnings data on Wednesday, May, 17th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.11. The business earned $314.48 million during the quarter, compared to the consensus estimate of $303.51 million. Dynatrace had a trailing twelve-month return on equity of 10.81% and a net margin of 9.32%.

ETFs with the largest weight of Dynatrace (NYSE:DT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), Invesco Dynamic Networking ETF (PXQ), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), Fidelity Cloud Computing ETF (FCLD), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), Putnam Sustainable Future ETF (PFUT) and WisdomTree Artificial Intelligence and Innovation Fund (WTAI).

Dynatrace updated its FY 2024 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $0.98-$1.02 for the period, compared to the consensus earnings per share estimate of $0.99. The company issued revenue guidance of $1.39 billion-$1.41 billion, compared to the consensus revenue estimate of $1.36 billion.

405 employees have rated Dynatrace Chief Executive Officer John Van Siclen on Glassdoor.com. John Van Siclen has an approval rating of 95% among the company's employees. This puts John Van Siclen in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dynatrace investors own include NVIDIA (NVDA), DocuSign (DOCU), Salesforce (CRM), QUALCOMM (QCOM), Block (SQ), Alibaba Group (BABA), PayPal (PYPL), Twilio (TWLO), Advanced Micro Devices (AMD) and CrowdStrike (CRWD).

(DT) raised $427 million in an initial public offering (IPO) on Thursday, August 1st 2019. The company issued 35,600,000 shares at $11.00-$13.00 per share. Goldman Sachs, J.P. Morgan and Citigroup acted as the underwriters for the IPO and Barclays, Jefferies, RBC Capital Markets, UBS Investment Bank, KeyBanc Capital Markets, William Blair, Canaccord Genuity, JMP Securities and Macquarie Capital were co-managers.

Dynatrace trades on the New York Stock Exchange (NYSE) under the ticker symbol "DT."

Dynatrace's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.99%), FMR LLC (5.68%), Brown Advisory Inc. (3.86%), Wellington Management Group LLP (2.81%), Farallon Capital Management LLC (2.69%) and Price T Rowe Associates Inc. MD (2.40%). Insiders that own company stock include Alicia Allen, Bernd Greifeneder, Charles R Schwab, James K Lines, Kevin C Burns, Kevin C Burns, Matthias Dollentz-Scharer, Paul Andrew Zuber, Rick M Mcconnell, Siclen John Van, Stephen J Pace and Thoma Bravo Ugp, Llc.
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Shares of DT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DT stock can currently be purchased for approximately $52.83.

Dynatrace (NYSE:DT) has a market capitalization of $15.37 billion and generates $1.16 billion in revenue each year. The company earns $107.96 million in net income (profit) each year or $0.37 on an earnings per share basis.

The company employs 4,180 workers across the globe.

Dynatrace's mailing address is 1601 TRAPELO ROAD SUITE 116, WALTHAM MA, 02451. The official website for the company is www.dynatrace.com. The company can be reached via phone at (781) 530-1000 or via email at ir@dynatrace.com.