Envestnet Portfolio Solutions Inc. Has $1.84 Million Position in Dynatrace, Inc. (NYSE:DT)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 30.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,093 shares of the company's stock after selling 17,237 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Dynatrace were worth $1,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DT. QRG Capital Management Inc. raised its position in shares of Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after purchasing an additional 9,251 shares during the period. OFI Invest Asset Management bought a new stake in shares of Dynatrace during the fourth quarter worth $842,000. Allstate Corp acquired a new stake in shares of Dynatrace during the fourth quarter worth $471,000. Metis Global Partners LLC acquired a new stake in shares of Dynatrace during the fourth quarter worth $571,000. Finally, Proficio Capital Partners LLC bought a new stake in Dynatrace in the 4th quarter valued at $1,057,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

NYSE:DT traded up $1.18 during mid-day trading on Tuesday, reaching $55.75. The stock had a trading volume of 1,247,256 shares, compared to its average volume of 3,008,658. The stock has a 50-day simple moving average of $50.79 and a two-hundred day simple moving average of $52.49. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00. The stock has a market capitalization of $16.71 billion, a PE ratio of 34.84, a P/E/G ratio of 4.75 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $435.14 million. During the same period in the prior year, the company earned $0.30 EPS. Dynatrace's revenue for the quarter was up 16.9% on a year-over-year basis. Equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 15,824 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total value of $862,724.48. Following the completion of the transaction, the executive vice president now directly owns 17,242 shares in the company, valued at approximately $940,033.84. This represents a 47.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.59% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group boosted their price target on Dynatrace from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. DA Davidson upped their price target on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Jefferies Financial Group reiterated a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Royal Bank Of Canada raised their target price on shares of Dynatrace from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Loop Capital cut their price target on shares of Dynatrace from $55.00 to $44.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus price target of $61.75.

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.