Allspring Global Investments Holdings LLC Grows Stock Position in Dynatrace, Inc. (NYSE:DT)

Allspring Global Investments Holdings LLC raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 0.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,110,523 shares of the company’s stock after purchasing an additional 13,118 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Dynatrace were worth $114,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Dynatrace by 14.6% in the third quarter. State Street Corp now owns 9,468,594 shares of the company’s stock valued at $506,286,000 after purchasing an additional 1,207,621 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock valued at $273,610,000 after buying an additional 884,673 shares during the period. RGM Capital LLC grew its position in Dynatrace by 12.8% in the third quarter. RGM Capital LLC now owns 4,342,803 shares of the company’s stock worth $232,210,000 after acquiring an additional 494,028 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of Dynatrace by 31.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock valued at $144,571,000 after purchasing an additional 648,808 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings in Dynatrace by 23.9% in the 3rd quarter. Congress Asset Management Co. now owns 2,501,451 shares of the company’s stock valued at $133,753,000 after buying an additional 482,017 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Truist Financial lifted their target price on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Guggenheim restated a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Jefferies Financial Group lifted their price objective on Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.74.

Dynatrace Stock Performance

NYSE:DT opened at $62.45 on Thursday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The stock has a market cap of $18.69 billion, a P/E ratio of 39.03, a P/E/G ratio of 6.93 and a beta of 1.04. The stock has a 50-day simple moving average of $55.39 and a 200-day simple moving average of $52.94.

Insider Buying and Selling

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares in the company, valued at approximately $2,220,354.48. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the company’s 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 of the company’s stock, valued at approximately $58,237,007.54. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,527 shares of company stock worth $3,045,284 over the last 90 days. 0.59% of the stock is owned by insiders.

Dynatrace Profile

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.