Allspring Global Investments Holdings LLC lifted its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,110,523 shares of the company's stock after purchasing an additional 13,118 shares during the period. Allspring Global Investments Holdings LLC owned about 0.71% of Dynatrace worth $114,707,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of DT. Sanctuary Advisors LLC bought a new position in shares of Dynatrace during the 2nd quarter worth approximately $567,000. CWM LLC increased its stake in Dynatrace by 199.8% during the 3rd quarter. CWM LLC now owns 7,066 shares of the company's stock valued at $378,000 after purchasing an additional 4,709 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Dynatrace by 600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company's stock valued at $112,000 after purchasing an additional 1,800 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Dynatrace during the 3rd quarter valued at approximately $1,042,000. Finally, Creative Planning increased its stake in Dynatrace by 46.7% during the 3rd quarter. Creative Planning now owns 25,892 shares of the company's stock valued at $1,384,000 after purchasing an additional 8,247 shares in the last quarter. Institutional investors own 94.28% of the company's stock.
Dynatrace Stock Performance
NYSE DT traded down $1.03 during mid-day trading on Friday, reaching $61.35. 2,887,772 shares of the stock were exchanged, compared to its average volume of 3,757,139. The business's 50 day moving average is $55.58 and its 200-day moving average is $53.25. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The company has a market capitalization of $18.36 billion, a P/E ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. UBS Group upped their price target on shares of Dynatrace from $58.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Cantor Fitzgerald restated a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research note on Thursday, February 6th. BMO Capital Markets upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. BTIG Research upped their price target on shares of Dynatrace from $57.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Wedbush restated an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.74.
Read Our Latest Stock Analysis on Dynatrace
Insider Buying and Selling
In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated 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 $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James M. Benson sold 34,932 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,459 shares of company stock valued at $5,177,882. Corporate insiders own 0.59% of the company's stock.
About Dynatrace
(
Free Report)
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.
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