Allspring Global Investments Holdings LLC Buys 162,906 Shares of Dynatrace, Inc. (NYSE:DT)

Allspring Global Investments Holdings LLC grew its stake in Dynatrace, Inc. (NYSE:DT) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,097,405 shares of the company’s stock after purchasing an additional 162,906 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.70% of Dynatrace worth $112,148,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DT. Eminence Capital LP acquired a new stake in Dynatrace during the 2nd quarter worth approximately $158,369,000. Jericho Capital Asset Management L.P. acquired a new stake in shares of Dynatrace during the first quarter worth $133,701,000. Assenagon Asset Management S.A. lifted its holdings in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company’s stock worth $98,792,000 after buying an additional 2,030,915 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock valued at $1,297,777,000 after acquiring an additional 1,680,971 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Dynatrace by 285.7% in the second quarter. Marshall Wace LLP now owns 1,389,727 shares of the company’s stock valued at $62,176,000 after acquiring an additional 1,029,387 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Buying and Selling at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $51.50, for a total value of $2,575,000.00. Following the sale, the chief executive officer now directly owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,022 shares of company stock worth $3,397,904. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on DT shares. Needham & Company LLC reiterated a “hold” rating on shares of Dynatrace in a research note on Tuesday, August 6th. Guggenheim boosted their price target on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wedbush assumed coverage on Dynatrace in a research report on Thursday. They set an “outperform” rating and a $67.00 price target on the stock. Wells Fargo & Company dropped their price objective on Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Finally, BMO Capital Markets increased their target price on Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.57.

Dynatrace Stock Performance

Shares of DT opened at $54.86 on Monday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of 105.50, a PEG ratio of 7.93 and a beta of 1.06. The stock has a fifty day moving average of $51.45 and a 200-day moving average of $47.54.

Dynatrace (NYSE:DT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same period last year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current year.

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.