RBC Capital Sticks to Its Buy Rating for Dynatrace (DT)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Dynatrace (DT – Research Report) on April 15 and set a price target of $66.00. The company’s shares closed yesterday at $44.52.

According to TipRanks, Hedberg is a 5-star analyst with an average return of 9.8% and a 53.23% success rate. Hedberg covers the Technology sector, focusing on stocks such as UiPath, Autodesk, and Teradata.

Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $63.61, which is a 42.88% upside from current levels. In a report released on April 1, J.P. Morgan also maintained a Buy rating on the stock with a $60.00 price target.

The company has a one-year high of $61.41 and a one-year low of $40.43. Currently, Dynatrace has an average volume of 3.79M.

Based on the recent corporate insider activity of 70 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.

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Dynatrace (DT) Company Description:

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.