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Dynatrace Shares See Heavy Accumulation in 2023

By:
Lucas Downey
Published: Jun 2, 2023, 12:04 GMT+00:00

Dynatrace, Inc. (DT) shares climbed 39% in 2023. One chart tells the real story of this strong performance.

New York Stock Exchange, FX Empire

In this article:

Dynatrace Stock Attracts Big Money Buyers

So, what’s Big Money? Said simply, that’s when a stock presses higher alongside chunky volumes. It’s indicative of institutions betting on the shares.

Dynatrace has many fundamental qualities that are attractive, too.

This sets up well for the stock going forward. Paying attention to how the shares trade, suggests there could be more upside.

You see, money managers wager on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.

The YTD action tells the story. Each green bar signals big buying volumes as the stock ramped in price:

Source: www.mapsignals.com

Since January, the stock attracted constant Big Money buy signals. Recent green bars could mean more upside is ahead.

Now, let’s check out the technical action grabbing my attention:

Dynatrace Fundamental Analysis

Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, Dynatrace boasts double-digit sales and earnings growth the past 3 years:

  • 3-year sales growth rate (+28.6%)
  • 3-year EPS growth rate (+35.8%)

Source: FactSet

Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, DT has been a top-rated stock at MAPsignals. That means the stock has had buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report numerous times this year. The blue bars below show when DT was a top pick:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of the MAPsignals process.

Dynatrace Price Prediction

The DT rally has been in place for months. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no positions in DT at the time of publication.

Learn more about the MAPsignals process here.

Contact

https://mapsignals.com/contact/

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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