Envestnet Asset Management Inc. Has $74.55 Million Holdings in Dynatrace, Inc. $DT

Envestnet Asset Management Inc. boosted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,350,271 shares of the company’s stock after purchasing an additional 78,323 shares during the quarter. Envestnet Asset Management Inc. owned 0.45% of Dynatrace worth $74,548,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Dynatrace by 0.5% during the first quarter. Vanguard Group Inc. now owns 30,318,707 shares of the company’s stock worth $1,429,527,000 after buying an additional 157,523 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Dynatrace by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company’s stock worth $413,445,000 after buying an additional 1,124,207 shares in the last quarter. American Century Companies Inc. boosted its stake in Dynatrace by 3.1% during the first quarter. American Century Companies Inc. now owns 7,801,331 shares of the company’s stock worth $367,833,000 after buying an additional 230,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Dynatrace by 79.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company’s stock worth $329,477,000 after buying an additional 3,092,576 shares in the last quarter. Finally, Eminence Capital LP boosted its stake in Dynatrace by 25.6% during the first quarter. Eminence Capital LP now owns 3,351,603 shares of the company’s stock worth $158,028,000 after buying an additional 683,443 shares in the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DT. Rosenblatt Securities reiterated a “buy” rating and set a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. Oppenheimer began coverage on shares of Dynatrace in a research note on Wednesday, August 27th. They set an “outperform” rating and a $65.00 price target on the stock. Guggenheim lifted their price target on shares of Dynatrace from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Citigroup decreased their price target on shares of Dynatrace from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dynatrace in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.09.

Dynatrace Stock Performance

DT opened at $48.62 on Friday. The firm’s 50-day simple moving average is $49.12 and its 200-day simple moving average is $50.58. Dynatrace, Inc. has a twelve month low of $39.30 and a twelve month high of $63.00. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 4.32 and a beta of 0.88.

Dynatrace (NYSE:DT) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to analyst estimates of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. As a group, sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lisa M. Campbell sold 1,013 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, the director owned 1,012 shares in the company, valued at $50,367.24. This represents a 50.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel S. Yates sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the transaction, the chief accounting officer owned 22,555 shares in the company, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,602 shares of company stock worth $529,579 in the last 90 days. Corporate insiders own 0.57% of the company’s stock.

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.