Dynatrace (NYSE:DT) Research Coverage Started at Cantor Fitzgerald

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

DT has been the subject of a number of other reports. BMO Capital Markets raised their price target on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price target on Dynatrace from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. UBS Group initiated coverage on Dynatrace in a research note on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 target price on the stock. Scotiabank lifted their target price on Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group raised their price target on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.92.

Dynatrace Stock Performance

NYSE DT opened at $51.31 on Friday. The company 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. Dynatrace has a one year low of $39.42 and a one year high of $61.41. The stock has a 50 day moving average price of $54.27 and a 200-day moving average price of $51.27.

Insiders Place Their Bets

In other news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dynatrace

Several hedge funds have recently bought and sold shares of DT. Janney Montgomery Scott LLC increased its holdings in Dynatrace by 69.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,954 shares of the company’s stock worth $813,000 after purchasing an additional 6,154 shares during the period. Nisa Investment Advisors LLC increased its holdings in Dynatrace by 271.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Dynatrace by 269.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 97,236 shares of the company’s stock worth $5,284,000 after purchasing an additional 70,933 shares during the period. LaFleur & Godfrey LLC purchased a new stake in Dynatrace during the 4th quarter worth about $352,000. Finally, UMB Bank n.a. increased its holdings in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after purchasing an additional 541 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.