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

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

Other large investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new stake in Dynatrace during the 4th quarter valued at about $25,000. DSM Capital Partners LLC bought a new stake in shares of Dynatrace during the fourth quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in Dynatrace in the 1st quarter worth approximately $30,000. NewSquare Capital LLC bought a new position in Dynatrace in the 4th quarter valued at approximately $32,000. Finally, Planned Solutions Inc. purchased a new stake in Dynatrace during the 4th quarter valued at $38,000. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Rick M. Mcconnell sold 50,000 shares of the company’s 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 in the company, valued at $33,994,907.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Rick M. Mcconnell sold 50,000 shares of Dynatrace stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $46.41, for a total value of $2,320,500.00. Following the sale, the chief executive officer now directly 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 at the SEC website. Also, EVP Dan Zugelder sold 18,870 shares of the 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 transaction, the executive vice president now directly owns 253,176 shares of the company’s stock, valued at $11,828,382.72. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Dynatrace Price Performance

Shares of DT stock traded up $0.77 on Friday, hitting $44.78. 5,684,462 shares of the stock traded hands, compared to its average volume of 3,774,018. Dynatrace, Inc. has a 52 week low of $42.94 and a 52 week high of $61.41. The firm has a 50 day simple moving average of $46.07 and a two-hundred day simple moving average of $49.64. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 86.12, a PEG ratio of 6.61 and a beta of 1.05.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $380.85 million for the quarter, compared to the consensus estimate of $375.20 million. Dynatrace had a net margin of 10.81% and a return on equity of 9.89%. Sell-side analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

DT has been the subject of several recent analyst reports. Loop Capital decreased their price target on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday. Royal Bank of Canada decreased their target price on Dynatrace from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Thursday, May 16th. Guggenheim reaffirmed a “buy” rating and set a $60.00 price target on shares of Dynatrace in a report on Tuesday. Wolfe Research assumed coverage on shares of Dynatrace in a report on Monday, March 18th. They set an “outperform” rating and a $60.00 price objective for the company. Finally, 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. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.96.

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.