Cantor Fitzgerald Begins Coverage on Dynatrace (NYSE:DT)

Cantor Fitzgerald initiated coverage on shares of Dynatrace (NYSE:DT) in a research report released on Friday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $58.00 price objective on the stock.

A number of other brokerages have also recently commented on DT. BTIG Research increased their target price on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Scotiabank upped their target price on shares of Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. Finally, Truist Financial increased their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.92.

Dynatrace Stock Up 0.5 %

DT stock opened at $51.31 on Friday. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The firm has a 50-day simple moving average of $54.30 and a 200-day simple moving average of $51.19. The stock has a market capitalization of $15.31 billion, a P/E ratio of 93.29, a P/E/G ratio of 7.39 and a beta of 1.02.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently modified their holdings of the business. Eminence Capital LP purchased a new position in Dynatrace in the second quarter valued at $158,369,000. Holocene Advisors LP acquired a new position in shares of Dynatrace during the third quarter worth about $126,592,000. State Street Corp increased its stake in shares of Dynatrace by 14.6% during the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. Marshall Wace LLP increased its stake in shares of Dynatrace by 285.7% during the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after buying an additional 1,029,387 shares during the period. Finally, Barclays PLC lifted its stake in Dynatrace by 85.3% in the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after acquiring an additional 981,964 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.