Dynatrace, Inc. (NYSE:DT) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in Dynatrace, Inc. (NYSE:DT) by 70.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,934,499 shares of the company’s stock after acquiring an additional 801,718 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.65% of Dynatrace worth $86,549,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DT. Vanguard Group Inc. boosted its holdings in shares of Dynatrace by 6.4% during the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. US Bancorp DE lifted its position in Dynatrace by 89.7% in the first quarter. US Bancorp DE now owns 48,478 shares of the company’s stock worth $2,251,000 after purchasing an additional 22,928 shares during the period. Norden Group LLC bought a new stake in Dynatrace in the first quarter valued at about $5,546,000. Crestline Management LP grew its stake in shares of Dynatrace by 385.3% in the 4th quarter. Crestline Management LP now owns 208,064 shares of the company’s stock valued at $11,379,000 after purchasing an additional 165,190 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Dynatrace by 640.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock valued at $8,469,000 after acquiring an additional 157,739 shares during the period. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total transaction of $681,164.88. Following the completion of the transaction, the executive vice president now owns 237,772 shares in the company, valued at approximately $10,514,277.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Dan Zugelder sold 15,404 shares of Dynatrace stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the sale, the executive vice president now directly owns 237,772 shares in the company, valued at approximately $10,514,277.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the sale, the chief executive officer now directly owns 732,491 shares of the company’s stock, valued at approximately $33,994,907.31. The disclosure for this sale can be found here. Insiders sold 84,274 shares of company stock worth $3,883,271 in the last 90 days. Insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

NYSE DT opened at $49.80 on Tuesday. The business has a 50 day simple moving average of $45.17 and a two-hundred day simple moving average of $46.47. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The stock has a market capitalization of $14.85 billion, a PE ratio of 96.67, a P/E/G ratio of 6.40 and a beta of 1.04.

Dynatrace (NYSE:DT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.89% and a net margin of 10.81%. The firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same period last year, the company earned $0.16 EPS. Dynatrace’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their price target on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Piper Sandler started coverage on Dynatrace in a research report on Thursday, June 27th. They issued a “neutral” rating and a $50.00 price objective for the company. Guggenheim lowered their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Wells Fargo & Company cut their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Loop Capital reduced their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $59.70.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.