Allspring Global Investments Holdings LLC Has $103.52 Million Stake in Dynatrace, Inc. (NYSE:DT)

Allspring Global Investments Holdings LLC increased its holdings in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,892,822 shares of the company's stock after purchasing an additional 682,200 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.64% of Dynatrace worth $103,518,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DT. Contravisory Investment Management Inc. purchased a new stake in Dynatrace in the fourth quarter valued at approximately $25,000. Quarry LP purchased a new stake in Dynatrace in the first quarter valued at approximately $26,000. Advisory Services Network LLC lifted its stake in Dynatrace by 50.9% in the first quarter. Advisory Services Network LLC now owns 661 shares of the company's stock valued at $28,000 after buying an additional 223 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in Dynatrace in the third quarter valued at approximately $35,000. Finally, Planned Solutions Inc. purchased a new stake in Dynatrace in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the sale, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares of the company's stock, valued at approximately $847,614,494.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,285,187 shares of company stock worth $751,264,421. 0.54% of the stock is currently owned by corporate insiders.

Dynatrace Trading Up 1.4 %

Shares of Dynatrace stock traded up $0.64 during trading hours on Tuesday, reaching $47.73. The stock had a trading volume of 3,904,336 shares, compared to its average volume of 3,607,399. The firm has a 50 day simple moving average of $49.55 and a two-hundred day simple moving average of $50.93. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 72.32, a P/E/G ratio of 3.93 and a beta of 1.07. Dynatrace, Inc. has a 1 year low of $40.40 and a 1 year high of $61.41.

Dynatrace (NYSE:DT - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.03. The company had revenue of $365.10 million for the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. Sell-side analysts forecast that Dynatrace, Inc. will post 0.62 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on DT. JMP Securities upped their target price on Dynatrace from $56.00 to $68.00 and gave the company a "market outperform" rating in a report on Friday, February 2nd. Morgan Stanley assumed coverage on Dynatrace in a research report on Tuesday, February 13th. They issued an "equal weight" rating and a $60.00 price objective on the stock. Capital One Financial assumed coverage on Dynatrace in a research report on Wednesday, February 21st. They issued an "overweight" rating and a $64.00 price objective on the stock. Needham & Company LLC restated a "hold" rating on shares of Dynatrace in a research report on Monday, April 1st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $66.00 price objective on shares of Dynatrace in a research report on Friday, February 9th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.04.

Dynatrace 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.