Polen Capital, an investment management firm, published its “Polen U.S. SMID Company Growth Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 1.42% was delivered by the fund for the third quarter of 2021, outperforming its Russell 2500 Growth benchmark that delivered a -3.53% return for the same period.
U.S. SMID Company Growth Fund, in its Q3 2021 investor letter, mentioned Dynatrace, Inc. (NYSE: DT) and discussed its stance on the firm. Dynatrace, Inc. is a Waltham, Massachusetts-based software company with an $18.1 billion market capitalization. DT delivered a 47.35% return since the beginning of the year, while its 12-month returns are up by 66.61%. The stock closed at $63.76 per share on November 24, 2021.
Here is what U.S. SMID Company Growth Fund has to say about Dynatrace, Inc. in its Q3 2021 investor letter:
“Dynatrace outperformed during the quarter as the company reported earnings results that handily beat expectations. The company continues to increase its customer base and has expanded net revenues with existing customers.”
Based on our calculations, Dynatrace, Inc. (NYSE: DT) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. DT was in 41 hedge fund portfolios at the end of the third quarter of 2021, compared to 50 funds in the previous quarter. Dynatrace, Inc. (NYSE: DT) delivered a -5.19% return in the past 3 months.
Disclosure: None. This article is originally published at Insider Monkey.