Dynatrace (NYSE:DT) Upgraded by Cantor Fitzgerald to "Hold" Rating

Dynatrace (NYSE:DT - Get Free Report) was upgraded by investment analysts at Cantor Fitzgerald to a "hold" rating in a research note issued on Thursday, Marketbeat reports. The firm presently has a $58.00 target price on the stock. Cantor Fitzgerald's target price indicates a potential upside of 13.05% from the company's previous close.

Other research analysts have also issued reports about the stock. UBS Group began coverage on shares of 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 price objective on Dynatrace from $55.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 8th. BMO Capital Markets upped their target price on Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Royal Bank of Canada raised their target price on Dynatrace from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, BNP Paribas started 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. Eight 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.92.

Dynatrace Price Performance

Dynatrace stock traded up $0.25 during midday trading on Thursday, reaching $51.31. The company had a trading volume of 3,070,671 shares, compared to its average volume of 2,224,432. Dynatrace has a 12-month low of $39.42 and a 12-month high of $61.41. 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. The firm's fifty day simple moving average is $54.27 and its 200-day simple moving average is $51.23.

Insider Buying and Selling

In other Dynatrace 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 completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 0.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dynatrace

Several hedge funds have recently made changes to their positions in DT. Janney Montgomery Scott LLC increased its stake in Dynatrace by 69.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,954 shares of the company's stock valued at $813,000 after buying an additional 6,154 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of 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 acquiring an additional 530 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Dynatrace by 269.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 97,236 shares of the company's stock worth $5,284,000 after acquiring an additional 70,933 shares during the period. LaFleur & Godfrey LLC purchased a new position in Dynatrace during the fourth quarter worth about $352,000. Finally, UMB Bank n.a. lifted its position in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company's stock valued at $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.