Sendero Wealth Management LLC Has $5.16 Million Stock Holdings in Dynatrace, Inc. $DT

Sendero Wealth Management LLC grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 31.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,427 shares of the company's stock after acquiring an additional 22,527 shares during the period. Sendero Wealth Management LLC's holdings in Dynatrace were worth $5,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CX Institutional bought a new stake in Dynatrace in the first quarter worth $40,000. Brooklyn Investment Group lifted its position in shares of Dynatrace by 761.9% in the first quarter. Brooklyn Investment Group now owns 905 shares of the company's stock worth $43,000 after buying an additional 800 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Dynatrace during the 1st quarter worth about $45,000. S.A. Mason LLC acquired a new position in shares of Dynatrace during the 1st quarter valued at about $58,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Dynatrace by 131.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,620 shares of the company's stock valued at $76,000 after acquiring an additional 921 shares in the last quarter. Institutional investors own 94.28% of the company's stock.

Dynatrace Price Performance

NYSE DT opened at $49.58 on Monday. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 4.36 and a beta of 0.88. The company's fifty day moving average is $49.38 and its two-hundred day moving average is $50.24. Dynatrace, Inc. has a 52-week low of $39.30 and a 52-week high of $63.00.

Dynatrace (NYSE:DT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a net margin of 27.75% and a return on equity of 9.15%. The business had revenue of $477.35 million during the quarter, compared to analyst estimates of $467.39 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that Dynatrace, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Dynatrace

In related news, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the transaction, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa M. Campbell sold 1,013 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $49.77, for a total transaction of $50,417.01. Following the completion of the sale, the director directly owned 1,012 shares in the company, valued at $50,367.24. This trade represents a 50.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,099 shares of company stock worth $154,429 in the last three months. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dynatrace in a research report on Saturday, September 27th. BMO Capital Markets reduced their price objective on shares of Dynatrace from $63.00 to $62.00 and set an "outperform" rating for the company in a research note on Thursday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $67.00 price objective on shares of Dynatrace in a report on Monday, August 4th. Wells Fargo & Company initiated coverage on shares of Dynatrace in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $65.00 target price on the stock. Finally, Guggenheim boosted their target price on shares of Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Dynatrace presently has a consensus rating of "Moderate Buy" and an average target price of $62.52.

Dynatrace Company Profile

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.

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