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Rosenblatt Securities Reaffirms Their Buy Rating on Dynatrace (DT)

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Dynatrace (DTResearch Report) today and set a price target of $53.00. The company’s shares opened today at $35.15.

Abernethy covers the Technology sector, focusing on stocks such as Autodesk, Ansys, and Splunk. According to TipRanks, Abernethy has an average return of -6.6% and a 35.18% success rate on recommended stocks.

Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $47.77, representing a 35.90% upside. In a report released on October 26, Truist Financial also maintained a Buy rating on the stock with a $50.00 price target.

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DT market cap is currently $10.21B and has a P/E ratio of 250.81.

Based on the recent corporate insider activity of 46 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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