Sendero Wealth Management LLC Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Sendero Wealth Management LLC lifted its stake in shares of Dynatrace, Inc. (NYSE:DT) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,625 shares of the company’s stock after acquiring an additional 8,298 shares during the period. Sendero Wealth Management LLC’s holdings in Dynatrace were worth $1,958,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DT. Vanguard Group Inc. raised its holdings 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 purchasing an additional 1,680,971 shares during the period. Janus Henderson Group PLC lifted its position in Dynatrace by 8.7% during the first quarter. Janus Henderson Group PLC now owns 7,279,365 shares of the company’s stock valued at $338,053,000 after buying an additional 583,220 shares in the last quarter. American Century Companies Inc. grew its stake in Dynatrace by 13.2% during the second quarter. American Century Companies Inc. now owns 6,701,539 shares of the company’s stock worth $299,827,000 after buying an additional 782,588 shares during the period. RGM Capital LLC increased its position in shares of Dynatrace by 6.2% in the second quarter. RGM Capital LLC now owns 3,848,775 shares of the company’s stock worth $172,194,000 after acquiring an additional 225,000 shares in the last quarter. Finally, Eminence Capital LP acquired a new position in shares of Dynatrace during the 2nd quarter valued at $158,369,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BNP Paribas began coverage on Dynatrace in a research report on Tuesday. They issued a “neutral” rating and a $52.00 price objective on the stock. Guggenheim upped their price target on Dynatrace from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Scotiabank boosted their target price on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $55.00 price target on shares of Dynatrace in a report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price objective 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. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $60.25.

Dynatrace Stock Up 0.8 %

DT stock traded up $0.42 during midday trading on Thursday, reaching $54.40. The company had a trading volume of 629,726 shares, compared to its average volume of 3,424,011. The firm has a market capitalization of $16.22 billion, a PE ratio of 103.77, a P/E/G ratio of 7.83 and a beta of 1.06. The stock has a 50 day moving average price of $49.97 and a 200 day moving average price of $47.12. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41.

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

Insiders Place Their Bets

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Dan Zugelder sold 15,404 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, the executive vice president now owns 237,772 shares in the company, valued at approximately $10,514,277.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,426 shares of company stock worth $3,804,069. Insiders own 0.54% of the company’s stock.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments. It 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.