Wealth Enhancement Advisory Services LLC Sells 1,205 Shares of Dynatrace, Inc. $DT

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,548 shares of the company’s stock after selling 1,205 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dynatrace were worth $596,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Dynatrace by 79.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,987,838 shares of the company’s stock worth $329,477,000 after acquiring an additional 3,092,576 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Dynatrace by 146.4% in the first quarter. Ameriprise Financial Inc. now owns 2,728,251 shares of the company’s stock valued at $128,638,000 after acquiring an additional 1,621,136 shares during the last quarter. Nuveen LLC acquired a new position in shares of Dynatrace during the 1st quarter valued at $53,036,000. Goldman Sachs Group Inc. lifted its position in shares of Dynatrace by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,768,711 shares of the company’s stock valued at $413,445,000 after acquiring an additional 1,124,207 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Dynatrace by 587.0% in the 1st quarter. Allianz Asset Management GmbH now owns 999,766 shares of the company’s stock worth $47,139,000 after purchasing an additional 854,250 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insiders Place Their Bets

In other Dynatrace news, CAO Daniel S. Yates sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total transaction of $99,780.00. Following the completion of the transaction, the chief accounting officer owned 22,555 shares of the company’s stock, valued at approximately $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lisa M. Campbell sold 1,013 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total value of $50,417.01. Following the transaction, the director owned 1,012 shares of the company’s stock, valued at $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. Insiders sold 3,099 shares of company stock valued at $154,429 in the last ninety days. 0.57% of the stock is currently owned by insiders.

Dynatrace Stock Performance

NYSE:DT opened at $49.58 on Friday. The firm has a market cap of $14.95 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 4.36 and a beta of 0.88. 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 $49.38 and a 200-day moving average price of $50.24.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The firm had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current year.

Analysts Set New Price Targets

DT has been the subject of several research reports. Wells Fargo & Company assumed coverage on shares of Dynatrace in a research report on Tuesday. They issued an “overweight” rating and a $65.00 price target for the company. Royal Bank Of Canada raised their target price on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. Wall Street Zen downgraded Dynatrace from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dynatrace in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dynatrace has an average rating of “Moderate Buy” and an average price target of $62.52.

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.