In a report released today, Jack Andrews from Needham assigned a Buy rating to Dynatrace (DT), with a price target of $66.00. The company’s shares closed last Wednesday at $49.84.
According to TipRanks.com, Andrews is a top 100 analyst with an average return of 35.0% and a 73.3% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, CommVault Systems, and ServiceNow.
Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $55.20, implying a 13.7% upside from current levels. In a report issued on January 19, Truist Financial also initiated coverage with a Buy rating on the stock with a $50.00 price target.
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Dynatrace’s market cap is currently $12.42B and has a P/E ratio of 132.40. The company has a Price to Book ratio of -28.16.
Based on the recent corporate insider activity of 73 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.
