Cantor Fitzgerald Has Lowered Expectations for Dynatrace (NYSE:DT) Stock Price

Dynatrace (NYSE:DT) had its price objective dropped by equities research analysts at Cantor Fitzgerald from $58.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential downside of 2.17% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Guggenheim reiterated a “neutral” rating on shares of Dynatrace in a research note on Friday. Scotiabank upped their price objective on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday. Royal Bank of Canada raised their price objective on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. BMO Capital Markets increased their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.92.

Dynatrace Stock Up 0.9 %

Shares of DT stock traded up $0.49 on Friday, reaching $58.26. 575,754 shares of the stock were exchanged, compared to its average volume of 3,576,675. The stock has a market cap of $17.39 billion, a P/E ratio of 105.86, a price-to-earnings-growth ratio of 8.34 and a beta of 1.02. The firm has a 50 day moving average of $54.75 and a two-hundred day moving average of $51.92. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Holocene Advisors LP acquired a new stake in shares of Dynatrace in the 3rd quarter valued at about $126,592,000. State Street Corp grew its position 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 acquiring an additional 1,207,621 shares during the last quarter. Barclays PLC raised its holdings in shares of Dynatrace by 85.3% during the third quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock valued at $114,076,000 after buying an additional 981,964 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after purchasing an additional 884,673 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after buying an additional 648,808 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Dynatrace

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.