Dynatrace (DT) Received its Third Buy in a Row

After Truist Financial and Citigroup gave Dynatrace (NYSE: DT) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Keith Bachman maintained a Buy rating on Dynatrace today and set a price target of $49.00. The company’s shares closed last Wednesday at $40.43.

According to TipRanks.com, Bachman is a 4-star analyst with an average return of 6.2% and a 55.3% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, TELUS International (CDA), and Qualtrics International.

Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $50.00, a 23.7% upside from current levels. In a report issued on July 21, William Blair also maintained a Buy rating on the stock.

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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.

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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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