Dynatrace (DT) Receives a Buy from RBC Capital

In a report released today, Matthew Hedberg from RBC Capital maintained a Buy rating on Dynatrace (DTResearch Report), with a price target of $46.00. The company’s shares closed last Thursday at $39.75.

According to TipRanks.com, Hedberg is ranked 0 out of 5 stars with an average return of -7.7% and a 35.5% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, DoubleVerify Holdings, and CrowdStrike Holdings.

Dynatrace has an analyst consensus of Strong Buy, with a price target consensus of $50.20, which is a 25.0% 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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