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

Sendero Wealth Management LLC purchased a new position in shares of Dynatrace, Inc. (NYSE:DT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,698 shares of the company’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DT. Lindbrook Capital LLC raised its holdings in Dynatrace by 35.9% during the 4th quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 187 shares during the period. 1492 Capital Management LLC raised its holdings in shares of Dynatrace by 1.0% during the fourth quarter. 1492 Capital Management LLC now owns 23,144 shares of the company’s stock worth $1,266,000 after acquiring an additional 224 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in Dynatrace by 2.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,905 shares of the company’s stock valued at $416,000 after acquiring an additional 240 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Dynatrace by 6.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 4,659 shares of the company’s stock worth $255,000 after purchasing an additional 270 shares during the period. Finally, Cornercap Investment Counsel Inc. increased its holdings in Dynatrace by 1.6% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 19,923 shares of the company’s stock worth $1,090,000 after purchasing an additional 309 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DT shares. Wedbush reiterated a “neutral” rating and issued a $55.00 price objective on shares of Dynatrace in a report on Thursday, May 16th. Wells Fargo & Company cut their price target on shares of Dynatrace from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. TD Cowen decreased their price objective on Dynatrace from $62.00 to $58.00 and set a “buy” rating for the company in a report on Friday, April 19th. Truist Financial reaffirmed a “buy” rating and issued a $60.00 target price (down previously from $70.00) on shares of Dynatrace in a research report on Thursday, May 16th. Finally, Bank of America reduced their price target on Dynatrace from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dynatrace presently has a consensus rating of “Moderate Buy” and an average target price of $60.96.

Dynatrace Stock Up 1.7 %

Shares of DT stock traded up $0.77 during mid-day trading on Friday, reaching $44.78. 5,684,462 shares of the stock traded hands, compared to its average volume of 3,774,018. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 86.12, a price-to-earnings-growth ratio of 6.61 and a beta of 1.05. The stock’s fifty day simple moving average is $46.07 and its two-hundred day simple moving average is $49.64. Dynatrace, Inc. has a 1-year low of $42.94 and a 1-year high of $61.41.

Dynatrace (NYSE:DT) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. The business had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. On average, equities research analysts anticipate that Dynatrace, Inc. will post 0.71 EPS for the current fiscal year.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the transaction, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $46.41, for a total transaction of $2,320,500.00. Following the completion of the sale, the chief executive officer now owns 732,491 shares of the company’s stock, valued at $33,994,907.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $46.72, for a total value of $881,606.40. Following the completion of the transaction, the executive vice president now directly owns 253,176 shares in the company, valued at $11,828,382.72. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Dynatrace Company 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.