Dynatrace (DT) Stock Forecast, Price & News

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dynatrace in the last year. There are currently 6 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DT shares.
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22 Wall Street analysts have issued twelve-month target prices for Dynatrace's shares. Their DT share price forecasts range from $38.00 to $65.00. On average, they predict the company's stock price to reach $53.68 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price.
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Dynatrace's stock was trading at $38.30 at the beginning of the year. Since then, DT stock has increased by 19.6% and is now trading at $45.82.
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Dynatrace saw a increase in short interest in September. As of September 15th, there was short interest totaling 5,720,000 shares, an increase of 24.3% from the August 31st total of 4,600,000 shares. Based on an average daily trading volume, of 2,540,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 2.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Dynatrace, Inc. (NYSE:DT) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.08. The company earned $332.89 million during the quarter, compared to analyst estimates of $326.89 million. Dynatrace had a net margin of 11.77% and a trailing twelve-month return on equity of 11.81%.

ETFs with the largest weight of Dynatrace (NYSE:DT) stock in their portfolio include Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), ProShares Big Data Refiners ETF (DAT), Invesco Next Gen Connectivity ETF (PXQ), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), Strategas Macro Thematic Opportunities ETF (SAMT), BNY Mellon Innovators ETF (BKIV), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) and Putnam Sustainable Future ETF (PFUT).

Dynatrace updated its FY24 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $1.03-1.06 for the period, compared to the consensus earnings per share estimate of $1.00. The company issued revenue guidance of $1.475-1.490 billion, compared to the consensus revenue estimate of $1.40 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 served 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.58%), Brown Advisory Inc. (3.94%), State Street Corp (2.32%), William Blair Investment Management LLC (1.30%), Goldman Sachs Group Inc. (1.20%) and Geode Capital Management LLC (1.11%). 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 $45.82.

Dynatrace (NYSE:DT) has a market capitalization of $13.44 billion and generates $1.16 billion in revenue each year. The company earns $107.96 million in net income (profit) each year or $0.49 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.