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

Stock analysts at Cantor Fitzgerald started coverage on shares of Dynatrace (NYSE:DT) in a research note issued to investors on Friday, Marketbeat.com 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 13.05% from the stock’s previous close.

A number of other brokerages have also weighed in on DT. BTIG Research raised their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Barclays lifted their price target on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, Truist Financial lifted their price target on shares of Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.92.

Dynatrace Price Performance

Shares of Dynatrace stock opened at $51.31 on Friday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a market capitalization 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. The company’s 50 day moving average price is $54.27 and its two-hundred day moving average price is $51.23.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s 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 in the company, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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 during the last quarter. Virtue Capital Management LLC increased its holdings in Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after acquiring an additional 212 shares during the period. Atria Investments Inc increased its holdings in Dynatrace by 3.4% during the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after acquiring an additional 240 shares during the period. Avior Wealth Management LLC increased its holdings 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 acquiring an additional 248 shares during the period. Finally, Riverview Trust Co raised its position in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after buying an additional 257 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other 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.