After D.A. Davidson and Merrill Lynch gave Dynatrace (NYSE: DT) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Jack Andrews reiterated a Buy rating on Dynatrace today and set a price target of $38.00. The company’s shares closed last Tuesday at $33.10.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 18.5% and a 64.6% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, CommVault Systems, and ServiceNow.
Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $29.90, implying a -5.8% downside from current levels. In a report issued on May 1, RBC Capital also maintained a Buy rating on the stock with a $32.00 price target.
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The company has a one-year high of $37.07 and a one-year low of $17.05. Currently, Dynatrace has an average volume of 2.41M.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dynatrace, Inc. offers software intelligence platform, purpose-built for the enterprise cloud. The firm’s platform utilizes artificial intelligence at its core and advanced automation to provide answers, not just data, about the performance of applications, the underlying hybrid cloud infrastructure, and the experience of the customers’ users. It specializes in cloud ecosystem integration, incident and alert management integration, DevOps CI/CD integration, user experience and business intelligence insights. The company was founded in 2014 and is headquartered in Waltham, MA.
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