Dynatrace (NYSE:DT) Price Target Lowered to $57.00 at Cantor Fitzgerald

Dynatrace (NYSE:DT) had its price objective trimmed by Cantor Fitzgerald from $58.00 to $57.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock. Cantor Fitzgerald also issued estimates for Dynatrace’s FY2025 earnings at $0.73 EPS.

DT has been the subject of several other reports. UBS Group assumed coverage on Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 target price for the company. Scotiabank boosted 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. Truist Financial raised their target price 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 report on Wednesday. Finally, JPMorgan Chase & Co. increased 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 investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.24.

Dynatrace Price Performance

Shares of DT opened at $57.82 on Friday. Dynatrace has a 1-year low of $39.42 and a 1-year high of $61.41. The stock has a market cap of $17.26 billion, a PE ratio of 105.12, a price-to-earnings-growth ratio of 8.34 and a beta of 1.02. The firm has a fifty day moving average price of $54.80 and a 200 day moving average price of $52.02.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors and hedge funds have recently modified their holdings of DT. AQR Capital Management LLC raised its position in shares of Dynatrace by 91.2% during the 2nd quarter. AQR Capital Management LLC now owns 148,130 shares of the company’s stock worth $6,593,000 after purchasing an additional 70,642 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dynatrace by 20.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,525 shares of the company’s stock valued at $292,000 after acquiring an additional 1,090 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Dynatrace by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock worth $392,000 after purchasing an additional 266 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Dynatrace by 7.0% in the 2nd quarter. Cetera Investment Advisers now owns 43,528 shares of the company’s stock worth $1,947,000 after buying an additional 2,843 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Dynatrace in the 2nd quarter worth about $567,000. Institutional investors and hedge funds 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.