Dynatrace (NYSE:DT) Raised to “Hold” at Cantor Fitzgerald

Dynatrace (NYSE:DT) was upgraded by analysts at Cantor Fitzgerald to a “hold” rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a $58.00 price objective on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 13.05% from the stock’s current price.

A number of other research firms have also commented on DT. Truist Financial boosted their price target 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. Wedbush assumed coverage on Dynatrace in a research report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target for the company. BMO Capital Markets boosted their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BTIG Research raised their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.92.

Dynatrace Price Performance

NYSE:DT opened at $51.31 on Thursday. Dynatrace has a 1 year low of $39.42 and a 1 year high of $61.41. The business has a fifty day simple moving average of $54.30 and a two-hundred day simple moving average of $51.19. The company 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.

Insider Transactions at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of Dynatrace by 69.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,954 shares of the company’s stock valued at $813,000 after purchasing an additional 6,154 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Dynatrace by 271.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after buying an additional 530 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Dynatrace by 269.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 97,236 shares of the company’s stock worth $5,284,000 after acquiring an additional 70,933 shares in the last quarter. LaFleur & Godfrey LLC purchased a new stake in shares of Dynatrace in the fourth quarter worth $352,000. Finally, UMB Bank n.a. increased its holdings in shares of Dynatrace by 75.3% during the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after acquiring an additional 541 shares in the last quarter. Hedge funds and other institutional investors 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.