Sendero Wealth Management LLC Increases Stake in Dynatrace, Inc. (NYSE:DT)

Sendero Wealth Management LLC grew its position in shares of Dynatrace, Inc. (NYSE:DT - Free Report) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,900 shares of the company's stock after purchasing an additional 10,477 shares during the period. Sendero Wealth Management LLC's holdings in Dynatrace were worth $3,343,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DT. QRG Capital Management Inc. lifted its position in shares of Dynatrace by 16.9% during the fourth quarter. QRG Capital Management Inc. now owns 64,099 shares of the company's stock worth $3,484,000 after purchasing an additional 9,251 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Dynatrace during the fourth quarter worth approximately $842,000. Allstate Corp bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $471,000. Metis Global Partners LLC purchased a new stake in shares of Dynatrace in the fourth quarter valued at approximately $571,000. Finally, TimesSquare Capital Management LLC purchased a new position in Dynatrace during the 4th quarter worth $73,906,000. 94.28% of the stock is owned by institutional investors.

Dynatrace Price Performance

DT stock traded up $0.83 during midday trading on Thursday, hitting $54.93. 2,584,374 shares of the stock traded hands, compared to its average volume of 3,109,598. Dynatrace, Inc. has a 1-year low of $39.30 and a 1-year high of $63.00. The stock's fifty day simple moving average is $48.09 and its 200-day simple moving average is $52.60. The firm has a market cap of $16.46 billion, a P/E ratio of 34.33, a PEG ratio of 7.05 and a beta of 0.95.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $445.17 million for the quarter, compared to analysts' expectations of $435.14 million. Dynatrace had a return on equity of 8.98% and a net margin of 29.51%. The company's quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. On average, research analysts predict that Dynatrace, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

DT has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $67.00 price target on shares of Dynatrace in a research report on Tuesday, May 13th. The Goldman Sachs Group increased their price objective on Dynatrace from $56.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Morgan Stanley set a $55.00 price target on Dynatrace in a report on Thursday, May 15th. Wedbush reissued an "outperform" rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, May 16th. Finally, UBS Group lifted their price objective on shares of Dynatrace from $50.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Dynatrace has a consensus rating of "Moderate Buy" and a consensus price target of $61.43.

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.