Dynatrace, Inc. $DT Stock Sold by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions cut its Dynatrace stake by 70.3% in the second quarter, selling 31,686 shares and retaining 13,362 shares worth approximately $587,000. Institutional investors collectively own 94.28% of DT stock.
• Dynatrace reported quarterly EPS of $0.48, beating estimates by $0.03, while revenue rose 16.3% year over year to $554.55 million. Shares opened at $57.52, near their 12-month high of $59.41.
• Analyst sentiment remains favorable, with 23 Buy ratings and seven Holds for a “Moderate Buy” consensus; recent price targets include $68 from Needham and $71 from Oppenheimer. Separately, executive Bernd Greifeneder sold 50,000 shares under a Rule 10b5-1 plan.

Envestnet Portfolio Solutions Inc. lessened its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 70.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,362 shares of the company's stock after selling 31,686 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Dynatrace were worth $587,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Brown Lisle Cummings Inc. grew its holdings in shares of Dynatrace by 218.8% in the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company's stock worth $29,000 after purchasing an additional 547 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Dynatrace by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 13,236 shares of the company's stock valued at $574,000 after buying an additional 577 shares during the last quarter. State of Michigan Retirement System grew its holdings in Dynatrace by 0.8% in the 1st quarter. State of Michigan Retirement System now owns 71,800 shares of the company's stock worth $2,655,000 after acquiring an additional 600 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Dynatrace by 19.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,760 shares of the company's stock worth $165,000 after acquiring an additional 609 shares during the last quarter. Finally, MQS Management LLC increased its position in shares of Dynatrace by 6.5% in the first quarter. MQS Management LLC now owns 10,378 shares of the company's stock valued at $384,000 after acquiring an additional 630 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Down 0.6%

Shares of DT stock opened at $57.52 on Wednesday. The stock has a market cap of $16.62 billion, a price-to-earnings ratio of 115.04, a PEG ratio of 3.56 and a beta of 0.74. The business's fifty day moving average is $50.64 and its 200 day moving average is $43.61. Dynatrace, Inc. has a twelve month low of $31.64 and a twelve month high of $59.41.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $554.55 million during the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company's revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. Equities research analysts expect that Dynatrace, Inc. will post 1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DT. Needham & Company LLC raised shares of Dynatrace from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a research note on Friday, September 18th. DA Davidson boosted their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $52.00 price target on shares of Dynatrace in a research report on Tuesday, August 4th. Zacks Research cut Dynatrace from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Oppenheimer upped their target price on Dynatrace from $60.00 to $71.00 and gave the company an "outperform" rating in a report on Thursday, September 24th. Twenty-three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $56.67.

Insider Buying and Selling

In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company's stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $57.21, for a total value of $2,860,500.00. Following the sale, the executive vice president owned 904,846 shares in the company, valued at approximately $51,766,239.66. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by insiders.

Dynatrace Profile

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company's products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

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