Dynatrace (NYSE:DT) Earns Neutral Rating from Cantor Fitzgerald

Dynatrace (NYSE:DT)‘s stock had its “neutral” rating restated by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Thursday,Benzinga reports. They presently have a $57.00 price objective on the stock. Cantor Fitzgerald’s price target suggests a potential downside of 4.69% from the stock’s current price. Cantor Fitzgerald also issued estimates for Dynatrace’s FY2025 earnings at $0.73 EPS.

Several other research analysts have also issued reports on DT. BTIG Research upped their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $67.00 price objective on shares of Dynatrace in a research note on Friday, January 31st. BMO Capital Markets upped their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, 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 research note on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.08.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $59.80 on Thursday. Dynatrace has a 52-week low of $39.42 and a 52-week high of $61.40. The firm has a fifty day moving average of $55.14 and a 200 day moving average of $52.46. The firm has a market capitalization of $17.90 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 8.37 and a beta of 1.04.

Insider Activity

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.59% of the company’s stock.

Institutional Investors Weigh In On Dynatrace

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of Dynatrace by 40.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock valued at $33,000 after buying an additional 176 shares during the last quarter. Riverview Trust Co boosted its holdings in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after purchasing an additional 257 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dynatrace in the fourth quarter worth approximately $38,000. Paladin Wealth LLC purchased a new stake in Dynatrace in the third quarter worth approximately $38,000. Finally, UMB Bank n.a. boosted its holdings in Dynatrace by 292.3% in 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 during the last quarter. Hedge funds and other institutional investors 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.