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

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

Several other hedge funds have also recently made changes to their positions in DT. Riverview Trust Co raised its position in shares of Dynatrace by 70.6% during the third quarter. Riverview Trust Co now owns 621 shares of the company's stock worth $33,000 after purchasing an additional 257 shares during the period. UMB Bank n.a. grew its position in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company's stock valued at $38,000 after acquiring an additional 535 shares during the period. Paladin Wealth LLC purchased a new stake in Dynatrace in the third quarter worth $38,000. Capital Performance Advisors LLP purchased a new position in shares of Dynatrace during the 3rd quarter valued at $52,000. Finally, Park Place Capital Corp grew its stake in shares of Dynatrace by 48.6% during the 3rd quarter. Park Place Capital Corp now owns 1,412 shares of the company's stock worth $76,000 after acquiring an additional 462 shares during the period. 94.28% of the stock is owned by institutional investors.

Dynatrace Stock Performance

NYSE:DT traded up $0.46 during trading hours on Thursday, reaching $50.98. The company's stock had a trading volume of 4,516,932 shares, compared to its average volume of 2,837,643. The firm has a 50-day simple moving average of $54.36 and a 200-day simple moving average of $51.19. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $61.41. The firm has a market capitalization of $15.22 billion, a price-to-earnings ratio of 92.68, a PEG ratio of 7.39 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DT. Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Needham & Company LLC reaffirmed a "hold" rating on shares of Dynatrace in a report on Friday, November 8th. Truist Financial boosted their price objective on Dynatrace from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. BNP Paribas started coverage on Dynatrace in a research note on Tuesday, October 8th. They issued a "neutral" rating and a $52.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on shares of Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dynatrace has a consensus rating of "Moderate Buy" and an average price target of $62.08.

Insider Activity at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.59% of the stock is currently owned by company insiders.

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.