Envestnet Asset Management Inc. Has $74.55 Million Stock Position in Dynatrace, Inc. $DT

Envestnet Asset Management Inc. raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 6.2% during the second quarter, HoldingsChannel.com reports. The firm owned 1,350,271 shares of the company’s stock after acquiring an additional 78,323 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Dynatrace were worth $74,548,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Keybank National Association OH lifted its position in Dynatrace by 30.0% during the 1st 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. lifted its position in Dynatrace by 82.4% during the 1st 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. Teacher Retirement System of Texas acquired a new position in Dynatrace during the 1st quarter valued at about $2,175,000. Belpointe Asset Management LLC acquired a new position in Dynatrace during the 1st quarter valued at about $327,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Dynatrace by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,218,892 shares of the company’s stock valued at $104,621,000 after purchasing an additional 166,648 shares during the period. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. Oppenheimer assumed coverage on Dynatrace in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $65.00 price target for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dynatrace in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on Dynatrace from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen cut Dynatrace from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $63.09.

Insiders Place Their Bets

In other Dynatrace news, Director Lisa M. Campbell sold 1,013 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the sale, the director directly owned 1,012 shares in the company, valued at approximately $50,367.24. This trade represents a 50.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Daniel S. Yates sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 22,555 shares in the company, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,602 shares of company stock worth $529,579. Company insiders own 0.57% of the company’s stock.

Dynatrace Stock Performance

Shares of DT stock opened at $48.62 on Friday. The company has a market capitalization of $14.66 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 4.32 and a beta of 0.88. The company’s 50 day moving average price is $49.12 and its two-hundred day moving average price is $50.58. Dynatrace, Inc. has a 52 week low of $39.30 and a 52 week high of $63.00.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm 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 business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. Analysts forecast that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

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.