Envestnet Portfolio Solutions Inc. Has $3.02 Million Position in Dynatrace, Inc. $DT

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Dynatrace, Inc. by 40%, now owning 54,723 shares valued at approximately $3.02 million.
• Institutional investors collectively own 94.28% of Dynatrace's stock, indicating significant institutional interest in the company.
• Dynatrace reported earnings that exceeded analysts' expectations, with a net margin of 27.75% and a year-over-year revenue growth of 19.5%.

Envestnet Portfolio Solutions Inc. boosted its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 40.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,723 shares of the company's stock after purchasing an additional 15,630 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Dynatrace were worth $3,021,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Keybank National Association OH grew its holdings in Dynatrace by 30.0% during the first quarter. Keybank National Association OH now owns 738,230 shares of the company's stock valued at $34,808,000 after purchasing an additional 170,380 shares during the period. Bridges Investment Management Inc. grew its holdings in Dynatrace by 82.4% during the first quarter. Bridges Investment Management Inc. now owns 24,873 shares of the company's stock valued at $1,173,000 after purchasing an additional 11,234 shares during the period. Asset Management One Co. Ltd. lifted its stake in Dynatrace by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 121,613 shares of the company's stock valued at $5,734,000 after buying an additional 4,697 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Dynatrace in the first quarter valued at approximately $2,175,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Dynatrace in the first quarter valued at approximately $3,846,000. Institutional investors and hedge funds own 94.28% of the company's stock.

Analysts Set New Price Targets

DT has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Dynatrace from $60.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dynatrace in a report on Wednesday, October 8th. BMO Capital Markets reduced their price target on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Wall Street Zen cut shares of Dynatrace from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Citigroup reduced their price target on shares of Dynatrace from $68.00 to $64.00 and set a "buy" rating for the company in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.96.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 7,503 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $50.00, for a total transaction of $375,150.00. Following the transaction, the executive vice president directly owned 1,420 shares in the company, valued at approximately $71,000. The trade was a 84.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $49.77, for a total transaction of $50,417.01. Following the transaction, the director owned 1,012 shares in the company, valued at approximately $50,367.24. The trade was a 50.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,602 shares of company stock worth $529,579. Insiders own 0.57% of the company's stock.

Dynatrace Stock Down 0.8%

Shares of DT stock opened at $47.77 on Thursday. The company's fifty day simple moving average is $48.73 and its 200-day simple moving average is $50.15. The firm has a market cap of $14.40 billion, a PE ratio of 29.31, a P/E/G ratio of 4.25 and a beta of 0.88. Dynatrace, Inc. has a 12 month low of $39.30 and a 12 month high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. On average, equities analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

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.

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