That’s why I Feel Comfortable With Dynatrace Inc’s (DT) Future

A share price of Dynatrace Inc [DT] is currently trading at $50.90, up 1.43%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DT shares have gain 0.55% over the last week, with a monthly amount glided 7.61%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dynatrace Inc [NYSE: DT] stock has seen the most recent analyst activity on June 27, 2024, when Piper Sandler initiated its Neutral rating and assigned the stock a price target of $50. Previously, Cleveland Research upgraded its rating to Buy on April 18, 2024. On April 01, 2024, downgrade downgraded it’s rating to Hold. Wolfe Research started tracking the stock assigning a Outperform rating and suggested a price target of $60 on March 18, 2024. CapitalOne initiated its recommendation with a Overweight and recommended $64 as its price target on February 21, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on February 13, 2024, and assigned it a price target of $60. In a note dated December 05, 2023, Scotiabank initiated an Sector Outperform rating and provided a target price of $62 on this stock.

Dynatrace Inc experienced fluctuations in its stock price throughout the past year between $39.42 and $61.41. Currently, Wall Street analysts expect the stock to reach $59.21 within the next 12 months. Dynatrace Inc [NYSE: DT] shares were valued at $50.90 at the most recent close of the market. An investor can expect a potential return of 16.33% based on the average DT price forecast.

Analyzing the DT fundamentals

Trailing Twelve Months sales for Dynatrace Inc [NYSE:DT] were 1.50B which represents 19.93% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.29 points at the first support level, and at 49.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.48, and for the 2nd resistance point, it is at 52.06.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Dynatrace Inc [NYSE:DT] is 1.26. In addition, the Quick Ratio stands at 1.26 and the Cash Ratio stands at 0.88. Considering the valuation of this stock, the price to sales ratio is 10.13, the price to book ratio is 7.34 and price to earnings (TTM) ratio is 98.38.

Transactions by insiders

Recent insider trading involved Zugelder Dan, EVP, Chief Revenue Officer, that happened on Sep 06 ’24 when 11022.0 shares were sold. EVP, Chief Technology Officer, Greifeneder Bernd completed a deal on Sep 06 ’24 to sell 26.0 shares. Meanwhile, Officer DANIEL J ZUGELDER bought 11022.0 shares on Sep 06 ’24.

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