Equities researchers at Cantor Fitzgerald assumed coverage on shares of Dynatrace (NYSE:DT - Get Free Report) in a research note issued on Friday, Marketbeat.com reports. The brokerage set a "neutral" rating and a $58.00 price target on the stock. Cantor Fitzgerald's price target would indicate a potential upside of 12.91% from the stock's current price.
A number of other equities analysts also recently issued reports on DT. Jefferies Financial Group raised their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their target price on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. UBS Group initiated coverage on shares of Dynatrace in a research report on Wednesday, November 27th. They set a "neutral" rating and a $58.00 price target for the company. 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 note on Wednesday, October 30th. Finally, Truist Financial boosted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.92.
Get Our Latest Stock Report on DT
Dynatrace Stock Performance
Shares of DT stock traded up $0.31 during trading hours on Friday, reaching $51.37. The company had a trading volume of 1,668,023 shares, compared to its average volume of 2,726,019. The firm has a market cap of $15.33 billion, a PE ratio of 93.42, a price-to-earnings-growth ratio of 7.39 and a beta of 1.02. The business has a fifty day moving average price of $54.30 and a 200-day moving average price of $51.19. Dynatrace has a one year low of $39.42 and a one year high of $61.41.
Insider Transactions at Dynatrace
In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.59% of the company's stock.
Institutional Trading of Dynatrace
Hedge funds have recently made changes to their positions in the business. 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 valued at $33,000 after purchasing an additional 257 shares during the last quarter. UMB Bank n.a. raised its holdings in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock valued at $38,000 after buying an additional 535 shares during the period. Paladin Wealth LLC bought a new stake in Dynatrace in the third quarter worth $38,000. Nisa Investment Advisors LLC boosted its stake in Dynatrace by 271.8% during 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 bought a new position in Dynatrace during the third quarter valued at $52,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.
About Dynatrace
(
Get Free Report)
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.
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