Dynatrace price target raised to $30 from $26 at RBC Capital » 09:3501/2301/23/20
RBC Capital analyst…
RBC Capital analyst Matthew Hedberg raised his price target on Dynatrace to $30 and kept his Outperform rating ahead of its Q3 results next week. The analyst says his checks suggest some upside to estimates and also notes that investor sentiment on the stock remains positive amid the "strong underlying fundamentals" for the company and expanding multiples of its peers. Hedberg also cites the long-term benefit of "driving adoption of the Dynatrace platform" and believes the company has "substantial runway" within its installed base and with new customers.
Dynatrace initiated with an Outperform at BMO Capital » 05:0901/2101/21/20
BMO Capital analyst Keith…
BMO Capital analyst Keith Bachman initiated coverage of Dynatrace with an Outperform rating and $35 price target. The analyst, despite new entrants to the monitoring market, is positive on the growth potential for leaders in the segment such as Dynatrace. The company has a comprehensive platform to effectively compete, particularly with large enterprise customers with proven scalability, Bachman tells investors in a research note. He believes Dynatrace's current valuation is attractive given its "durable" revenue growth of approximately 25% in fiscal 2022.
|Over a week ago|
Dynatrace to collaborate with Microsoft, Google on OpenTelemetry project » 09:1101/1401/14/20
DT, MSFT, GOOG, GOOGL
Dynatrace (DT), announced…
Dynatrace (DT), announced it is collaborating with Google (GOOGL) and Microsoft (MSFT) on the OpenTelemetry project to shape the future of open standards-based observability. To further advance the industry and extend the reach of its software intelligence platform, Dynatrace is contributing transaction tracing knowhow and manpower to the project. OpenTelemetry is focused on providing standardized transaction-level observability through the generation, collection, and description of telemetry data for distributed cloud-native systems. As OpenTelemetry becomes more widely adopted, it will serve as an additional data source that further extends the breadth of cloud observability, including expanding the broad reach of what the Dynatrace software intelligence platform already automatically collects and ingests into Davis, its explainable AI engine.
|Over a month ago|
Fly Insider: Support.com, Madrigal among week's notable insider trades » 13:1912/1612/16/19
ATRI, SPRT, PACK, CXDC, RCKT, CRWD, DT, MDGL, RH, TCDA
Welcome to "Fly Insider,"…
Dynatrace 27.5M share Secondary priced at $24.75 » 05:5712/0612/06/19
Goldman Sachs, JPMorgan,…
Goldman Sachs, JPMorgan, Citi, RBC Capital, BofA/Merrill, Barclays, UBS and Jefferies acted as joint book running managers for the offering.
Dynatrace falls -11.3% » 12:0012/0412/04/19
Dynatrace is down -11.3%,…
Dynatrace is down -11.3%, or -$3.04 to $23.98.
Fly Intel: After Hours Movers » 18:3912/0312/03/19
HQY, MRVL, RAPT, XXII, GPRO, JNJ, GOOG, ZS, WDAY, CRM, RVNC, IMMU, DT
UP AFTER EARNINGS:…
UP AFTER EARNINGS: HealthEquity (HQY) up 13.8%... Marvell (MRVL) up 2.6%. ALSO HIGHER: RAPT Therapeutics (RAPT) up 8.2% after disclosing FLX475 license pact in Asia... 22nd Century Group (XXII) up 5.0% after entering CBD market... GoPro (GPRO) up 4.2% after reporting record Black Friday / Cyber Monday sales... Johnson & Johnson (JNJ) up 0.9% after announcing its Baby Powder has tested asbestos-free... Alphabet (GOOG) up 0.6% after CEO Larry Page exit letter. DOWN AFTER EARNINGS: Zscaler (ZS) down 5.4%... Workday (WDAY) down 2.9%... Salesforce (CRM) down 1.7%. ALSO LOWER: Revance Therapeutics (RVNC) down 10.7% after equity offering... Immunomedics (IMMU) down 7.4% after equity offering... Dynatrace (DT) down 3.8% after equity offering. Movers as of 18:30ET.
Dynatrace files to sell 27.5M shares of common stock for holders » 16:4112/0312/03/19
Goldman Sachs & Co.,…
Goldman Sachs & Co., J.P. Morgan Securities and Citigroup Global Markets are acting as joint lead book-running managers for the offering. RBC Capital Markets, BofA Securities, Barclays Capital, UBS Securities and Jefferies, are also acting as book-running managers. Canaccord Genuity, William Blair & Company, BTIG, JMP Securities, KeyBanc Capital Markets, Raymond James & Associates, and Academy Securities are acting as co-managers.
Dynatrace files to sell common stock for holders 16:3312/0312/03/19
Dynatrace extends AI-powered software intelligence to AWS hybrid clouds » 14:5312/0312/03/19
Dynatrace (DT) announced…
Dynatrace (DT) announced that it has extended its AI-powered software intelligence platform to support AWS hybrid clouds by providing seamless support across all AWS public regions and Outposts. "This gives enterprises complete visibility and precise insights into the performance of applications running in AWS hybrid clouds - in a single platform," the company stated. "We are thrilled to have Dynatrace's partnership to provide monitoring for AWS Outposts and the applications that run on them," said Matt Garman, VP, AWS Compute Services (AMZN).