Envestnet Asset Management Inc. Sells 66,758 Shares of Dynatrace, Inc. (NYSE:DT)

Envestnet Asset Management Inc. trimmed its holdings in shares of 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 institutional investor owned 1,271,948 shares of the company's stock after selling 66,758 shares during the quarter. Envestnet Asset Management Inc. owned about 0.42% of Dynatrace worth $59,972,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in 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 Dynatrace by 35.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock worth $46,000 after purchasing an additional 256 shares during the last quarter. Finally, Huntington National Bank lifted its stake in Dynatrace by 218.0% during the fourth quarter. Huntington National Bank now owns 884 shares of the company's stock worth $48,000 after purchasing an additional 606 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Stock Performance

Shares of Dynatrace stock traded down $1.40 during midday trading on Friday, hitting $51.39. The company had a trading volume of 2,506,342 shares, compared to its average volume of 2,994,801. The stock has a market capitalization of $15.51 billion, a P/E ratio of 32.12, a P/E/G ratio of 4.61 and a beta of 0.91. The company has a 50 day moving average of $53.61 and a 200 day moving average of $52.51. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The business had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same period last year, the business posted $0.30 EPS. The company's revenue was up 16.9% compared to the same quarter last year. Equities research analysts forecast that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the 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 sale, the executive vice president directly owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DT shares. Morgan Stanley set a $55.00 price target on Dynatrace in a research note on Thursday, May 15th. DA Davidson upped their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. KeyCorp began coverage on Dynatrace in a research report on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target for the company. Wall Street Zen lowered Dynatrace from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Finally, Wedbush reaffirmed an "outperform" rating and set a $67.00 price target on shares of Dynatrace in a research report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.26.

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.