Envestnet Asset Management Inc. Grows Stock Position in Dynatrace, Inc. (NYSE:DT)

Envestnet Asset Management Inc. increased its position in shares of Dynatrace, Inc. (NYSE:DT) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,108,196 shares of the company’s stock after buying an additional 77,703 shares during the quarter. Envestnet Asset Management Inc. owned about 0.37% of Dynatrace worth $49,581,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DT. Quadrant Capital Group LLC raised its position in shares of Dynatrace by 29.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,591 shares of the company’s stock valued at $142,000 after buying an additional 588 shares during the period. Norges Bank purchased a new stake in Dynatrace in the fourth quarter valued at approximately $148,515,000. PNC Financial Services Group Inc. raised its position in Dynatrace by 6.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 26,379 shares of the company’s stock valued at $1,443,000 after purchasing an additional 1,632 shares during the period. UBS Group AG raised its position in Dynatrace by 14.5% in the fourth quarter. UBS Group AG now owns 353,880 shares of the company’s stock valued at $19,354,000 after purchasing an additional 44,842 shares during the period. Finally, Coldstream Capital Management Inc. raised its position in Dynatrace by 6.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock valued at $255,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on Dynatrace from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Loop Capital cut their target price on Dynatrace from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, June 26th. Guggenheim cut their target price on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Wedbush reissued a “neutral” rating and issued a $55.00 target price on shares of Dynatrace in a research report on Thursday, August 8th. Finally, Scotiabank boosted their price target on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.70.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The sale was disclosed in a filing with the SEC, which is available at this link. In other Dynatrace news, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the transaction, the executive vice president now directly owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,426 shares of company stock valued at $3,804,069. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $51.82 on Thursday. The company has a 50-day simple moving average of $47.33 and a 200-day simple moving average of $46.48. Dynatrace, Inc. has a one year low of $39.42 and a one year high of $61.41. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 99.65, a PEG ratio of 7.63 and a beta of 1.05.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. As a group, research analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

About Dynatrace

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.