Dynatrace (DT) Gets a Buy from Needham

Needham analyst Mike Cikos maintained a Buy rating on Dynatrace (DTResearch Report) today and set a price target of $50.00. The company’s shares closed yesterday at $34.10.

According to TipRanks, Cikos is an analyst with an average return of -9.0% and a 21.43% success rate. Cikos covers the Technology sector, focusing on stocks such as New Relic, Alteryx, and Dynatrace.

In addition to Needham, Dynatrace also received a Buy from Robert W. Baird’s William Power in a report issued on September 20. However, yesterday, MoffettNathanson initiated coverage with a Hold rating on Dynatrace (NYSE: DT).

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The company has a one-year high of $80.13 and a one-year low of $29.41. Currently, Dynatrace has an average volume of 3.01M.

Based on the recent corporate insider activity of 47 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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