Envestnet Portfolio Solutions Inc. Purchases 2,160 Shares of Dynatrace, Inc. (NYSE:DT)

Envestnet Portfolio Solutions Inc. grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,330 shares of the company’s stock after purchasing an additional 2,160 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Dynatrace were worth $3,062,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Globeflex Capital L P bought a new position in Dynatrace during the fourth quarter valued at approximately $484,000. Natixis Advisors LLC grew its holdings in shares of Dynatrace by 15.0% during the 4th quarter. Natixis Advisors LLC now owns 211,739 shares of the company’s stock valued at $11,508,000 after purchasing an additional 27,616 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Dynatrace by 1.1% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 88,997 shares of the company’s stock worth $4,815,000 after purchasing an additional 1,000 shares during the period. Tredje AP fonden lifted its stake in Dynatrace by 4.1% in the fourth quarter. Tredje AP fonden now owns 177,459 shares of the company’s stock worth $9,645,000 after purchasing an additional 6,965 shares during the last quarter. Finally, Vestcor Inc boosted its position in Dynatrace by 36.6% during the fourth quarter. Vestcor Inc now owns 74,651 shares of the company’s stock valued at $4,057,000 after buying an additional 20,000 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $61.05, for a total transaction 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 trade represents a 9.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total value of $152,200.00. Following the completion of 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 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 over the last three months. 0.59% of the stock is currently owned by corporate insiders.

Dynatrace Stock Up 0.8 %

DT stock opened at $49.54 on Thursday. The business has a 50 day moving average of $55.68 and a 200 day moving average of $54.44. The firm has a market cap of $14.83 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 7.05 and a beta of 1.12. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $63.00.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Robert W. Baird set a $65.00 price objective on Dynatrace in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Tuesday, February 18th. Finally, Wedbush reissued an “outperform” rating and issued a $67.00 price target on shares of Dynatrace in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.35.

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.