Wealth Enhancement Advisory Services LLC Makes New $587,000 Investment in Dynatrace, Inc. (NYSE:DT)

Wealth Enhancement Advisory Services LLC acquired a new position in Dynatrace, Inc. (NYSE:DT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,983 shares of the company's stock, valued at approximately $587,000.

A number of other institutional investors have also added to or reduced their stakes in DT. Vanguard Group Inc. boosted its stake in shares of Dynatrace by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock worth $1,297,777,000 after buying an additional 1,680,971 shares during the last quarter. Janus Henderson Group PLC raised its position in Dynatrace by 8.7% in the 1st quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company's stock worth $338,053,000 after purchasing an additional 583,220 shares during the period. American Century Companies Inc. boosted its position in shares of Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company's stock valued at $299,827,000 after buying an additional 782,588 shares during the period. RGM Capital LLC boosted its stake in shares of Dynatrace by 6.2% during the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company's stock valued at $172,194,000 after purchasing an additional 225,000 shares during the period. Finally, Eminence Capital LP bought a new stake in shares of Dynatrace during the second quarter valued at approximately $158,369,000. Institutional investors own 94.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DT. Barclays upgraded shares of Dynatrace from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $52.00 to $64.00 in a research note on Monday, October 7th. BNP Paribas initiated coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $65.00 price objective on shares of Dynatrace in a report on Wednesday. Wells Fargo & Company reduced their target price on shares of Dynatrace from $60.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, August 6th. Finally, Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.50.

Dynatrace Trading Down 2.7 %

Dynatrace stock traded down $1.47 during midday trading on Friday, reaching $52.85. 5,098,764 shares of the stock traded hands, compared to its average volume of 3,342,395. The firm has a market cap of $15.74 billion, a PE ratio of 101.64, a price-to-earnings-growth ratio of 8.02 and a beta of 1.06. The company has a 50-day simple moving average of $52.90 and a two-hundred day simple moving average of $48.38. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $61.41.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to analysts' expectations of $392.22 million. Dynatrace had a net margin of 10.36% and a return on equity of 9.77%. The business's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. Equities research analysts anticipate that Dynatrace, Inc. will post 0.71 earnings per share for the current year.

Insider Activity

In related news, Director Stephen J. Lifshatz sold 5,000 shares of the business's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Dan Zugelder sold 11,022 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company's stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 5,000 shares of the company's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company's stock, valued at $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,022 shares of company stock worth $3,397,904. Corporate insiders own 0.59% of the company's stock.

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.