Amalgamated Bank Purchases 360 Shares of Dynatrace, Inc. (NYSE:DT)

Amalgamated Bank lifted its position in shares of Dynatrace, Inc. (NYSE:DT) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,186 shares of the company’s stock after purchasing an additional 360 shares during the period. Amalgamated Bank’s holdings in Dynatrace were worth $9,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DT. SG Americas Securities LLC bought a new position in shares of Dynatrace during the third quarter worth about $650,000. Commonwealth Equity Services LLC boosted its position in Dynatrace by 34.5% during the third quarter. Commonwealth Equity Services LLC now owns 30,107 shares of the company’s stock valued at $1,407,000 after acquiring an additional 7,720 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Dynatrace during the 3rd quarter worth about $290,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Dynatrace by 33.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 227,745 shares of the company’s stock valued at $10,643,000 after purchasing an additional 57,083 shares during the period. Finally, Xponance Inc. boosted its position in shares of Dynatrace by 14.2% during the 3rd quarter. Xponance Inc. now owns 56,162 shares of the company’s stock valued at $2,624,000 after purchasing an additional 6,968 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the transaction, the insider now directly owns 16,114,344 shares in the company, valued at approximately $847,614,494.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dynatrace news, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.60, for a total value of $749,178,065.40. Following the sale, the insider now owns 16,114,344 shares of the company’s stock, valued at approximately $847,614,494.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Rick M. Mcconnell sold 1,991 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $51.91, for a total transaction of $103,352.81. Following the transaction, the chief executive officer now directly owns 514,106 shares of the company’s stock, valued at $26,687,242.46. The disclosure for this sale can be found here. Insiders sold 14,278,591 shares of company stock valued at $750,893,396 over the last three months. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DT shares. JMP Securities increased their price target on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $66.00 target price on shares of Dynatrace in a research note on Friday, February 9th. Truist Financial boosted their target price on Dynatrace from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. reduced their price objective on Dynatrace from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Finally, Capital One Financial started coverage on Dynatrace in a research report on Wednesday, February 21st. They set an “overweight” rating and a $64.00 target price on the stock. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.08.

Dynatrace Trading Down 0.1 %

Shares of NYSE:DT traded down $0.05 during trading on Friday, reaching $45.79. The company had a trading volume of 8,769,237 shares, compared to its average volume of 3,126,549. Dynatrace, Inc. has a 12 month low of $42.50 and a 12 month high of $61.41. The stock has a market capitalization of $13.48 billion, a P/E ratio of 69.36, a price-to-earnings-growth ratio of 3.96 and a beta of 1.06. The company has a fifty day moving average of $46.64 and a two-hundred day moving average of $50.74.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. Dynatrace had a return on equity of 11.92% and a net margin of 14.44%. The company had revenue of $365.10 million for the quarter, compared to analysts’ expectations of $357.64 million. As a group, equities research analysts predict that Dynatrace, Inc. will post 0.62 earnings per share for the current year.

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.