The Vanguard Group, Inc. recently announced the acquisition of new stake in Dynatrace Inc. (NYSE:DT). The institutional investor has increased its shareholding in the Technology company by 1.50% to 19.41 million shares with purchase of 0.29 million shares. This fresh investment now brings its stake to 6.72% valued currently at $825.65 million. In addition, BlackRock Fund Advisors raised its holdings by 9.52 million to 17.86 million shares. And Farallon Capital Management LLC has lifted its position by 9.95% or 0.72 million shares – to 7.92 million shares.
With over 4.43 million Dynatrace Inc. (DT) shares trading Friday and a closing price of $38.33 on the day, the dollar volume was approximately $169.63 million. The shares have shown a negative half year performance of -3.55% and its price on 03/10/23 lost nearly -5.36%. Currently, there are 287.96M common shares owned by the public and among those 194.88M shares have been available to trade.
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Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 880,532 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 256,587 shares.
The top 3 mutual fund holders in Dynatrace Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 6.74 million shares of the company’s stock, all valued at over $286.58 million. The company bought an additional 15264.0 shares recently to bring their total holdings to about 2.33% of the shares outstanding. Vanguard Total Stock Market Index bought 41908.0 shares to see its total holdings expand to 6.16 million shares valued at over $262.16 million and representing 2.13% of the shares outstanding. Vanguard Small Cap Index Fund bought 28542.0 shares to bring its total holdings to over 5.22 million shares at a value of $222.02 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.81% of the shares outstanding.
Shares of Dynatrace Inc. (NYSE: DT) opened at $40.25, down -$0.25 from a prior closing price of $40.50. However, the script later moved the day high at 40.25, down -5.36%. The company’s stock has a 5-day price change of -11.60% and 6.21% over the past three months. DT shares are trading 0.08% year to date (YTD), with the 12-month market performance down to -9.36% lower. It has a 12-month low price of $29.41 and touched a high of $49.55 over the same period. DT has an average intraday trading volume of 2.68 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 -10.74%, -5.76%, and -0.85% respectively.
Institutional ownership of Dynatrace Inc. (NYSE: DT) 287.96M shares outstanding. Mutual fund holders own 36.66%, while other institutional holders and individual stakeholders account for 54.54% and 33.08% respectively.
It has a market capitalization of $11.71B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 391.12, while the earnings-per-share (ttm) stands at $0.10. The company has a PEG of 19.55 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.25% over the week and 2.78% over the month.
Analysts forecast that Dynatrace Inc. (DT) will achieve an EPS of $0.22 for the current quarter, $0.22 for the next quarter and $0.99 for 2024. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -31.80%, and 13.60% over the next financial year. EPS should shrink at an annualized rate of 20.01% over the next five years, compared to 130.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate Dynatrace Inc. (DT) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 11 of the 26 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the DT, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on January 10, 2023, with the firm’s price target at $42-$39. Wedbush coverage for the Dynatrace Inc. (DT) stock in a research note released on December 15, 2022 offered a Neutral rating with a price target of $35. Macquarie was of a view on November 02, 2022 that the stock is Neutral, while Wells Fargo gave the stock Overweight rating on October 11, 2022, issuing a price target of $45. JP Morgan on their part issued Overweight rating on October 03, 2022.
