Cantor Fitzgerald Begins Coverage on Dynatrace (NYSE:DT)

Research analysts at Cantor Fitzgerald initiated coverage on shares of Dynatrace (NYSE:DT) in a research report issued on Friday, Marketbeat reports. The firm set a “neutral” rating and a $58.00 price target on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 13.05% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial upped their price objective 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. UBS Group assumed coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. upped their target price 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $65.00 target price on shares of Dynatrace in a research note on Wednesday, November 6th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.92.

Dynatrace Stock Up 0.5 %

DT opened at $51.31 on Friday. Dynatrace has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a fifty day simple moving average of $54.27 and a 200 day simple moving average of $51.23. The stock has a market cap 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 Activity

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DT. State Street Corp increased its holdings 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 purchasing an additional 1,207,621 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 20.8% during 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. RGM Capital LLC increased its holdings in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after purchasing an additional 494,028 shares during the period. Eminence Capital LP bought a new position in shares of Dynatrace during the second quarter worth approximately $158,369,000. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the period. 94.28% of the stock is owned by institutional investors.

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.