Allspring Global Investments Holdings LLC Raises Holdings in Dynatrace, Inc. (NYSE:DT)

Allspring Global Investments Holdings LLC raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,110,523 shares of the company’s stock after acquiring an additional 13,118 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.71% of Dynatrace worth $114,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DT. Riverview Trust Co raised its stake in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock worth $39,000 after purchasing an additional 530 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Dynatrace during the 3rd quarter valued at $52,000. UMB Bank n.a. lifted its holdings in shares of Dynatrace by 75.3% during the 4th 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 last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Dynatrace by 53.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after purchasing an additional 527 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of NYSE DT opened at $62.45 on Thursday. The company has a market capitalization of $18.69 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. The company’s fifty day moving average price is $55.39 and its 200 day moving average price is $52.94. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DT shares. Scotiabank increased their price target on Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Truist Financial upped their price target on shares of Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dynatrace currently has an average rating of “Moderate Buy” and an average price target of $61.74.

Insider Transactions at Dynatrace

In related news, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of the transaction, the director now owns 36,471 shares of the company’s stock, valued at approximately $2,220,354.48. This represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 directly 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 disclosure for this sale can be found here. Insiders have sold a total of 52,527 shares of company stock valued at $3,045,284 in the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Company 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.