In this article, we will discuss the top 5 stock picks of Mick Hellman’s HMI Capital. If you want to read our detailed analysis of Hellman’s history, investment philosophy, and hedge fund performance, you can go directly to the Top 10 Stock Picks of Mick Hellman’s HMI Capital.
5. Dynatrace, Inc. (NYSE:DT)
Mick Hellman’s HMI Capital’s Stake Value: $357,124,000
Percentage of Mick Hellman’s HMI Capital’s 13F Portfolio: 10.7%
Stock Price as of December 29: $60.15
Dynatrace, Inc. (NYSE:DT) is a provider of software intelligence platforms to streamline complexities related to the cloud and fasten the transformation towards digitalization for private and government organizations. The Waltham, Massachusetts-based entity has changed guard at the top following the retirement of its CEO and Director John Van Siclen on December 13. Van Siclen has been succeeded by Rick McConnell, who previously served as President and GM, Security Technology Group at Akamai Technologies, Inc. (NASDAQ:AKAM).
In a research note issued on October 27 following Q2 FY22 results, Srini Nandury at Summit Insights increased the price target on Dynatrace, Inc. (NYSE:DT) from $75 to $100 while reiterating a Buy rating on the stock. The analyst pinpointed the strong Q2 FY22 results that surpassed consensus estimates for annual recurring revenue (ARR), EPS, revenue, and subscriptions. Regarding the guidance provided by Dynatrace, Inc. (NYSE:DT) for Q3 FY22 and FY22, the analyst thinks that they are conservative and that Dynatrace, Inc. (NYSE:DT) will surpass those figures when the next quarter results are announced in February 2022.
4. SailPoint Technologies Holdings, Inc. (NYSE:SAIL)
Mick Hellman’s HMI Capital’s Stake Value: $377,223,000
Percentage of Mick Hellman’s HMI Capital’s 13F Portfolio: 11.31%
Stock Price as of December 29: $47.47
SailPoint Technologies Holdings, Inc. (NYSE:SAIL) is a software-as-a-service (SaaS) provider that provides governments and organizations with identity security services across the IT infrastructure. The Austin, Texas-based corporation, founded in 2005, maintains the digital identities of business partners, contractors, employees, software bots and also keeps track of the evolving access rights to applications and data. According to Insider Monkey’s proprietary data comprising 867 hedge funds, 24 hedge funds held a stake in SailPoint Technologies Holdings, Inc. (NYSE:SAIL), with an accumulated value of $958 million at the end of Q3 2021.
In an update published on November 10, T. Michael Walkley at Canaccord gave a price target of $75 on SailPoint Technologies Holdings, Inc. (NYSE:SAIL) with a Buy rating.
3. New Relic, Inc. (NYSE:NEWR)
Mick Hellman’s HMI Capital’s Stake Value: $377,440,000
Percentage of Mick Hellman’s HMI Capital’s 13F Portfolio: 11.31%
Stock Price as of December 29: $108.30
New Relic, Inc. (NYSE:NEWR) is another cloud-based software company on the list that aids application and website developers, engineers, operations, and management in monitoring the performance of their services through its proprietary New Relic One observability platform. This helps in highlighting the bugs quickly and fixing them to ensure a smooth experience for customers. The San Francisco, California-based entity has a headcount of 2,300 employees across 16 offices around the world.
Sterling Auty at JPMorgan assigned the target price of $150 with an Overweight rating on New Relic, Inc. (NYSE:NEWR) stock, in an investor note released on November 9.
2. nCino, Inc. (NASDAQ:NCNO)
Mick Hellman’s HMI Capital’s Stake Value: $415,949,000
Percentage of Mick Hellman’s HMI Capital’s 13F Portfolio: 12.47%
Stock Price as of December 29: $54.99
nCino, Inc. (NASDAQ:NCNO) is a financial technology company that executes its cloud-based software-as-a-service (SaaS) application known as nCino Bank Operating System to streamline the operations of financial institutions in bringing in new clients, giving out new loans, etc. nCino, Inc. (NASDAQ:NCNO) has more than 1,200 financial institutions as its client and has a workforce of 1,200 employees.
On December 2, Terry Tillman at Truist issued a price target of $90 on nCino, Inc. (NASDAQ:NCNO) with a Buy rating. The analyst highlighted that in the quarterly results, not only did nCino, Inc. (NASDAQ:NCNO) report the addition of new customers, but a record number of customers went live with the nCino Bank Operating System.
1. Ares Management Corporation (NYSE:ARES)
Mick Hellman’s HMI Capital’s Stake Value: $423,837,000
Percentage of Mick Hellman’s HMI Capital’s 13F Portfolio: 12.7%
Stock Price as of December 29: $82.11
Ares Management Corporation (NYSE:ARES) is a global alternative investment management firm that operates in the credit, private equity, and real estate markets. The Los Angeles, California-based organization announced on December 21 that the Real Estate arm of the business acquired two portfolios comprising of 11.9 million square feet area and 75 industrial properties for a sum of $1.7 billion. The industrial properties are spread across 16 US markets and situated in cities like Atlanta, Chicago, Dallas, and Southern California.
Craig Siegenthaler at Bank of America resumed coverage of Ares Management Corporation (NYSE:ARES) with a Buy rating and a price target of $117 in a research report issued on December 16.
You can also take a peek at the 10 Value Stocks in Joel Greenblatt’s Portfolio and Top 10 Stock Picks of Billionaire Nicholas Pritzker.
