17-May-2024
Dynatrace perks up as Baird highlights security, AI as longer-term opportunities
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Truist Financial Reaffirms Their Buy Rating on Dynatrace (DT)
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Analysts Offer Insights on Technology Companies: Dynatrace (DT), Microchip (MCHP) and Docebo (DCBO)
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Dynatrace Receives Buy Rating Amid Strong Q4 Results and Positive Revenue Trends
TipRanks (Thu, 16-May 5:56 AM ET)
Dynatrace is a cloud-native company that focuses on analyzing machine data. Its product portfolio, delivered as software as a service, allows a client to monitor and analyze its entire IT infrastructure. Dynatrace's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to use it for a variety of applications throughout their businesses.
Dynatrace trades on the NYSE stock market under the symbol DT.
As of May 17, 2024, DT stock price declined to $48.10 with 3,665,431 million shares trading.
DT has a beta of 1.33, meaning it tends to be more sensitive to market movements. DT has a correlation of 0.28 to the broad based SPY ETF.
DT has a market cap of $14.24 billion. This is considered a Large Cap stock.
Last quarter Dynatrace reported $381 million in Revenue and $.30 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.03.
In the last 3 years, DT stock traded as high as $80.13 and as low as $29.41.
The top ETF exchange traded funds that DT belongs to (by Net Assets): VTI, IJH, VB, VBK, VXF.
DT has underperformed the market in the last year with a return of +2.2%, while the SPY ETF gained +29.1%. In the last 3 month period, DT fell short of the market, returning -5.9%, while SPY returned +6.3%. However, in the most recent 2 weeks DT has outperformed the stock market by returning +5.0%, while SPY returned +3.6%.
DT support price is $47.51 and resistance is $49.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DT stock will trade within this expected range on the day.