Dynatrace (NYSE:DT) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Dynatrace (NYSE:DT) in a research note released on Friday, MarketBeat reports. The firm issued a neutral rating and a $58.00 target price on the stock.

Several other brokerages also recently weighed in on DT. Barclays lifted their target price on Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Wedbush began coverage on Dynatrace in a research note on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. BTIG Research lifted their price target on Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $65.00 price target 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.92.

Dynatrace Trading Up 0.5 %

Shares of DT stock opened at $51.31 on Friday. The business’s 50 day moving average is $54.27 and its two-hundred day moving average is $51.27. Dynatrace has a twelve month low of $39.42 and a twelve month high of $61.41. The company has a market capitalization of $15.31 billion, a P/E ratio of 93.29, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02.

Insider Transactions at Dynatrace

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated 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 owns 1,007,038 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

A number of institutional investors have recently added to or reduced their stakes in DT. Riverview Trust Co boosted its position in shares of Dynatrace by 70.6% in 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. Paladin Wealth LLC purchased a new stake in shares of Dynatrace in the third quarter worth about $38,000. UMB Bank n.a. boosted its position in shares of Dynatrace by 292.3% in the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after buying an additional 535 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after buying an additional 530 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace in the third quarter worth about $52,000. Hedge funds and other institutional investors 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.