Envestnet Asset Management Inc. Raises Holdings in Dynatrace, Inc. (NYSE:DT)

Envestnet Asset Management Inc. increased its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,338,706 shares of the company's stock after acquiring an additional 80,351 shares during the quarter. Envestnet Asset Management Inc. owned about 0.45% of Dynatrace worth $72,759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DT. Vanguard Group Inc. lifted its position in shares of Dynatrace by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock valued at $1,639,260,000 after acquiring an additional 484,877 shares in the last quarter. American Century Companies Inc. lifted its holdings in Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after purchasing an additional 700,332 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after purchasing an additional 834,225 shares in the last quarter. Geode Capital Management LLC grew its holdings in Dynatrace by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock valued at $282,985,000 after buying an additional 87,857 shares in the last quarter. Finally, Norges Bank purchased a new stake in Dynatrace during the 4th quarter valued at approximately $192,284,000. Institutional investors own 94.28% of the company's stock.

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Dynatrace Trading Down 0.8 %

Shares of DT traded down $0.34 during trading hours on Friday, reaching $43.04. 3,207,357 shares of the company traded hands, compared to its average volume of 3,229,932. The stock's fifty day moving average price is $52.65 and its 200 day moving average price is $53.80. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 7.05 and a beta of 1.05. Dynatrace, Inc. has a 12-month low of $39.30 and a 12-month high of $63.00.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Dynatrace from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley boosted their price target on shares of Dynatrace from $59.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Royal Bank of Canada increased their price objective on shares of Dynatrace from $65.00 to $69.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Guggenheim reaffirmed a "neutral" rating on shares of Dynatrace in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dynatrace in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.13.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 2,500 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $60.88, for a total transaction of $152,200.00. Following the transaction, the director now directly owns 36,471 shares in the company, valued at $2,220,354.48. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO James M. Benson sold 34,932 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total value of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company's stock, valued at $20,696,194.20. This represents a 9.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,432 shares of company stock worth $7,159,599 in the last 90 days. 0.59% of the stock is owned by corporate insiders.

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.