Dynatrace, Inc. (NYSE:DT) Shares Sold by Envestnet Portfolio Solutions Inc.

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

A number of other hedge funds also recently added to or reduced their stakes in DT. Smartleaf Asset Management LLC lifted its holdings in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company's stock valued at $33,000 after buying an additional 176 shares during the period. Captrust Financial Advisors boosted its position in shares of Dynatrace by 2.9% during the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company's stock worth $342,000 after purchasing an additional 177 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Dynatrace by 6.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company's stock worth $183,000 after purchasing an additional 216 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Dynatrace by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,921 shares of the company's stock valued at $3,583,000 after purchasing an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Dynatrace by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 979 shares of the company's stock valued at $46,000 after purchasing an additional 256 shares during the period. 94.28% of the stock is owned by institutional investors and hedge funds.

Dynatrace Trading Down 0.1%

DT traded down $0.08 during midday trading on Friday, hitting $54.85. The company's stock had a trading volume of 4,098,229 shares, compared to its average volume of 3,007,570. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00. The firm has a 50-day moving average price of $51.51 and a two-hundred day moving average price of $52.51. The firm has a market cap of $16.44 billion, a P/E ratio of 34.28, a PEG ratio of 4.78 and a beta of 0.92.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to the consensus estimate of $435.14 million. Dynatrace had a net margin of 28.47% and a return on equity of 9.08%. Dynatrace's revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, equities analysts expect that Dynatrace, Inc. will post 0.68 EPS for the current year.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages have issued reports on DT. Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 target price on shares of Dynatrace in a report on Tuesday, May 13th. Royal Bank Of Canada lifted their price objective on Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Bank of America boosted their target price on Dynatrace from $62.00 to $64.00 and gave the stock 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 issued an "overweight" rating and a $69.00 price target for the company. Finally, Barclays raised their target price on shares of Dynatrace from $55.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Eight research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

About Dynatrace

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.