Envestnet Portfolio Solutions Inc. Decreases Stake in Dynatrace, Inc. (NYSE:DT)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Dynatrace, Inc. (NYSE:DT) by 30.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Dynatrace by 40.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 611 shares of the company’s stock worth $33,000 after buying an additional 176 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Dynatrace by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 6,298 shares of the company’s stock worth $342,000 after buying an additional 177 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Dynatrace by 6.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,358 shares of the company’s stock worth $183,000 after buying an additional 216 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position 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 worth $3,583,000 after buying an additional 253 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position 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 worth $46,000 after buying an additional 256 shares in the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DT. KeyCorp began coverage on shares of Dynatrace in a research report on Tuesday, June 10th. They issued an “overweight” rating and a $69.00 price objective on the stock. Barclays boosted their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their target price on shares of Dynatrace from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. DA Davidson boosted their target price on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Dynatrace in a research note on Wednesday, May 14th. Eight investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.75.

Dynatrace Stock Up 0.3%

NYSE DT opened at $54.55 on Tuesday. The stock has a market cap of $16.35 billion, a PE ratio of 34.09, a P/E/G ratio of 4.75 and a beta of 0.92. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The business has a 50 day moving average price of $50.79 and a two-hundred day moving average price of $52.49.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million during the quarter, compared to analysts’ expectations of $435.14 million. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. Dynatrace’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Sell-side analysts anticipate that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dan Zugelder sold 15,824 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.59% of the stock is owned by company insiders.

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.