Dynatrace (NYSE:DT) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Dynatrace (NYSE:DT) in a note issued to investors on Friday,Briefing.com Automated Import 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 13.78% from the stock’s previous close.

Several other equities analysts have also issued reports on DT. Loop Capital lifted their target price on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Scotiabank boosted their target price on Dynatrace from $55.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Friday, November 8th. BNP Paribas started coverage on Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.92.

Dynatrace Price Performance

NYSE:DT opened at $50.98 on Friday. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The company has a market capitalization of $15.22 billion, a PE ratio of 92.68, a P/E/G ratio of 7.39 and a beta of 1.02. The firm’s 50-day moving average price is $54.36 and its 200-day moving average price is $51.19.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction 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 sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in Dynatrace by 14.6% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dynatrace by 20.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the period. RGM Capital LLC raised its position in shares of Dynatrace by 12.8% in the 3rd quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after acquiring an additional 494,028 shares in the last quarter. Eminence Capital LP purchased a new stake in shares of Dynatrace during the 2nd quarter worth $158,369,000. Finally, Westfield Capital Management Co. LP boosted its position in Dynatrace by 31.6% during the third quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after purchasing an additional 648,808 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.