Cantor Fitzgerald Upgrades Dynatrace (NYSE:DT) to Hold

Dynatrace (NYSE:DT) was upgraded by stock analysts at Cantor Fitzgerald to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Loop Capital upped their price objective on shares of Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group increased their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Scotiabank lifted their price target on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. Guggenheim lowered Dynatrace from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Finally, BNP Paribas started coverage on Dynatrace in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $61.92.

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $51.31 on Thursday. The business’s 50 day moving average price is $54.30 and its 200 day moving average price is $51.19. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 93.29, a PEG 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.

Insider Buying and Selling

In other news, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred 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 approximately $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dynatrace

Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co lifted its stake in shares of Dynatrace by 70.6% in the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares during the period. UMB Bank n.a. raised its holdings in Dynatrace by 292.3% during the third quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after purchasing an additional 535 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Dynatrace in the third quarter valued at about $38,000. Nisa Investment Advisors LLC boosted its holdings in Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Dynatrace during the 3rd quarter worth approximately $52,000. 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.