Dynatrace (NYSE:DT) Upgraded at Cantor Fitzgerald

Dynatrace (NYSE:DT) was upgraded by equities research analysts at Cantor Fitzgerald to a “hold” rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a $58.00 price target on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 13.05% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $65.00 price target on shares of Dynatrace in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, BTIG Research boosted their price target on Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.92.

Dynatrace Stock Up 0.5 %

DT stock opened at $51.31 on Thursday. The business’s 50-day moving average price is $54.30 and its 200-day moving average price is $51.19. The stock has a market cap of $15.31 billion, a P/E ratio of 93.29, a PEG ratio of 7.39 and a beta of 1.02. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction 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 $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of DT. Eminence Capital LP purchased a new stake in Dynatrace in the 2nd quarter valued at about $158,369,000. Holocene Advisors LP bought a new stake in shares of Dynatrace during the third quarter valued at approximately $126,592,000. State Street Corp boosted its holdings in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the period. Marshall Wace LLP grew its stake in Dynatrace by 285.7% in the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock worth $62,176,000 after purchasing an additional 1,029,387 shares in the last quarter. Finally, Barclays PLC increased its holdings in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after purchasing an additional 981,964 shares during the period. 94.28% of the stock is owned by institutional investors.

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.