Sendero Wealth Management LLC Grows Position in Dynatrace, Inc. (NYSE:DT)

Sendero Wealth Management LLC grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 65.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,423 shares of the company’s stock after purchasing an additional 23,798 shares during the quarter. Sendero Wealth Management LLC’s holdings in Dynatrace were worth $3,284,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of Dynatrace by 11.9% during the fourth quarter. Versant Capital Management Inc now owns 1,933 shares of the company’s stock valued at $105,000 after buying an additional 206 shares during the last quarter. Virtue Capital Management LLC grew its position in Dynatrace by 4.2% during the 3rd quarter. Virtue Capital Management LLC now owns 5,275 shares of the company’s stock worth $282,000 after acquiring an additional 212 shares during the last quarter. Atria Investments Inc increased its stake in Dynatrace by 3.4% in the 3rd quarter. Atria Investments Inc now owns 7,201 shares of the company’s stock worth $385,000 after purchasing an additional 240 shares during the period. Avior Wealth Management LLC lifted its position in Dynatrace by 2.9% in the third quarter. Avior Wealth Management LLC now owns 8,797 shares of the company’s stock valued at $470,000 after purchasing an additional 248 shares during the last quarter. Finally, Riverview Trust Co boosted its stake in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after purchasing an additional 257 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

DT stock opened at $50.49 on Thursday. The stock has a market capitalization of $15.07 billion, a P/E ratio of 91.80, a P/E/G ratio of 7.93 and a beta of 1.02. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The business has a fifty day moving average price of $54.48 and a 200-day moving average price of $51.20.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DT shares. BMO Capital Markets upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the company an “outperform” rating in a report on Friday, November 8th. UBS Group started coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They set a “neutral” rating and a $58.00 price objective for the company. Loop Capital raised their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

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.