Dynatrace (NYSE:DT) Raised to “Hold” at Cantor Fitzgerald

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

A number of other research firms also recently issued reports on DT. Truist Financial boosted their price target on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a report on Friday, November 8th. Wedbush initiated coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price target on the stock. BNP Paribas began coverage on shares of Dynatrace in a research report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has a consensus rating of “Moderate Buy” and an average price target of $61.92.

Dynatrace Stock Up 0.5 %

Shares of DT opened at $51.31 on Thursday. Dynatrace has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The company’s fifty day moving average is $54.30 and its two-hundred day moving average is $51.19. The firm 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.

Insider Activity at Dynatrace

In related 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 value of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DT. State Street Corp lifted its position in shares of Dynatrace by 14.6% in the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dynatrace by 20.8% in the third quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after acquiring an additional 884,673 shares during the period. RGM Capital LLC grew its holdings in shares of Dynatrace by 12.8% during the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock valued at $232,210,000 after purchasing an additional 494,028 shares during the last quarter. Eminence Capital LP acquired a new stake in shares of Dynatrace during the 2nd quarter worth approximately $158,369,000. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after purchasing an additional 648,808 shares during the last quarter. 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.