Wells Fargo Releases a Buy Rating on Dynatrace (DT)

In a report released yesterday, Andrew Nowinski from Wells Fargo assigned a Buy rating to Dynatrace (DT – Research Report), with a price target of $60.00. The company’s shares closed yesterday at $47.75.

Nowinski covers the Technology sector, focusing on stocks such as Palo Alto Networks, Datadog, and Varonis Systems. According to TipRanks, Nowinski has an average return of 16.2% and a 53.75% success rate on recommended stocks.

Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $59.86, implying a 25.36% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock with a $62.00 price target.

The company has a one-year high of $61.41 and a one-year low of $43.29. Currently, Dynatrace has an average volume of 3.87M.

Based on the recent corporate insider activity of 70 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 (DT) Company Description:

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.