Envestnet Asset Management Inc. Has $59.97 Million Stake in Dynatrace, Inc. (NYSE:DT)

Envestnet Asset Management Inc. cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,271,948 shares of the company's stock after selling 66,758 shares during the quarter. Envestnet Asset Management Inc. owned 0.42% of Dynatrace worth $59,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Coppell Advisory Solutions LLC lifted its stake in Dynatrace by 1,423.4% during the fourth quarter. Coppell Advisory Solutions LLC now owns 716 shares of the company's stock worth $39,000 after purchasing an additional 669 shares during the last quarter. CX Institutional bought a new stake in Dynatrace during the first quarter worth about $40,000. Opal Wealth Advisors LLC bought a new stake in Dynatrace during the first quarter worth about $45,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dynatrace by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after acquiring an additional 256 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Dynatrace by 218.0% in the 4th quarter. Huntington National Bank now owns 884 shares of the company's stock valued at $48,000 after acquiring an additional 606 shares during the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president directly owned 17,242 shares of the company's stock, valued at approximately $940,033.84. The trade was a 47.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

DT has been the topic of several research analyst reports. Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday, May 15th. Royal Bank Of Canada increased their price target on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. BMO Capital Markets raised their price objective on Dynatrace from $60.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their price objective on Dynatrace from $56.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Finally, Loop Capital lowered their price objective on Dynatrace from $55.00 to $44.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus target price of $62.26.

Dynatrace Stock Down 0.5%

DT stock traded down $0.27 during trading on Tuesday, reaching $52.23. 1,440,671 shares of the company's stock were exchanged, compared to its average volume of 2,989,862. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The company's fifty day moving average price is $53.71 and its 200-day moving average price is $52.46. The firm has a market cap of $15.76 billion, a PE ratio of 32.65, a P/E/G ratio of 4.49 and a beta of 0.91.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $445.17 million during the quarter, compared to analyst estimates of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. As a group, sell-side analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Dynatrace 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.