Dynatrace (NYSE:DT) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Dynatrace (NYSE:DT) to a hold rating in a report published on Thursday, Marketbeat Ratings reports. Cantor Fitzgerald currently has $58.00 target price on the stock.

DT has been the topic of a number of other reports. UBS Group assumed coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price target on the stock. Guggenheim lowered shares of Dynatrace from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Scotiabank raised their price target on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.92.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $51.31 on Thursday. The firm has a 50 day simple moving average of $54.27 and a 200 day simple moving average of $51.23. Dynatrace has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market cap of $15.31 billion, a PE ratio of 93.29, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.59% of the company’s stock.

Hedge Funds Weigh In On Dynatrace

A number of large investors have recently modified their holdings of DT. Riverview Trust Co raised its position in Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Dynatrace during the third quarter worth $38,000. UMB Bank n.a. lifted its stake in shares of Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Dynatrace in the third quarter worth about $52,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.