Dynatrace (NYSE:DT) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Dynatrace (NYSE:DT) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $58.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 13.78% from the company’s previous close.

DT has been the topic of a number of other reports. Needham & Company LLC reissued a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on Dynatrace from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. UBS Group began coverage on shares of Dynatrace in a report on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price target on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $65.00 price objective on shares of Dynatrace in a research note on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.92.

Dynatrace Stock Up 0.9 %

Shares of Dynatrace stock opened at $50.98 on Friday. The firm has a market capitalization of $15.22 billion, a P/E ratio of 92.68, a PEG ratio of 7.39 and a beta of 1.02. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a 50 day moving average price of $54.36 and a 200 day moving average price of $51.19.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’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 value of $2,891,500.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.59% of the stock is owned by insiders.

Institutional Trading of Dynatrace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in Dynatrace by 11.9% in the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 206 shares in the last quarter. Virtue Capital Management LLC lifted its holdings in shares of Dynatrace by 4.2% in the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock valued at $282,000 after purchasing an additional 212 shares during the last quarter. Atria Investments Inc boosted its position in shares of Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock valued at $385,000 after purchasing an additional 240 shares during the period. Avior Wealth Management LLC grew its stake in Dynatrace by 2.9% during the 3rd quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock worth $470,000 after buying an additional 248 shares during the last quarter. Finally, Riverview Trust Co increased its position in Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after buying an additional 257 shares during the period. 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.