BTIG Sticks to Its Hold Rating for Dynatrace (DT)

In a report issued on August 3, Gray Powell from BTIG maintained a Hold rating on Dynatrace (DTResearch Report). The company’s shares closed last Thursday at $40.74.

According to TipRanks.com, Powell is a 4-star analyst with an average return of 7.4% and a 52.9% success rate. Powell covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $50.70.

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Based on Dynatrace’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $253 million and net profit of $929K. In comparison, last year the company earned revenue of $197 million and had a net profit of $26.95 million.

Based on the recent corporate insider activity of 48 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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