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

Allspring Global Investments Holdings LLC lowered its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 50.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,650 shares of the company's stock after selling 1,066,873 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.35% of Dynatrace worth $49,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DT. Smartleaf Asset Management LLC boosted its stake in Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock worth $33,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dynatrace in the fourth quarter worth approximately $38,000. Coppell Advisory Solutions LLC grew its holdings in shares of Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock valued at $39,000 after buying an additional 669 shares during the last quarter. CX Institutional bought a new stake in shares of Dynatrace during the first quarter valued at approximately $40,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Dynatrace in the 1st quarter worth $45,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Analyst Ratings Changes

DT has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Loop Capital decreased their target price on Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group boosted their price objective on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wedbush reissued an "outperform" rating and issued a $67.00 target price on shares of Dynatrace in a report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Sunday. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.26.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company's stock.

Dynatrace Stock Up 3.6%

NYSE DT traded up $1.98 during trading on Thursday, hitting $56.65. 1,461,169 shares of the stock traded hands, compared to its average volume of 2,974,202. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00. The firm has a 50-day simple moving average of $52.45 and a 200-day simple moving average of $52.47. The company has a market capitalization of $16.98 billion, a P/E ratio of 35.41, a price-to-earnings-growth ratio of 4.75 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. Dynatrace's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

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.