Amalgamated Bank Has $5.64 Million Holdings in Dynatrace, Inc. (NYSE:DT)

Amalgamated Bank decreased its holdings in Dynatrace, Inc. (NYSE:DT) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,994 shares of the company’s stock after selling 9,648 shares during the period. Amalgamated Bank’s holdings in Dynatrace were worth $5,637,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Dynatrace by 6.4% in the first quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company’s stock worth $1,297,777,000 after acquiring an additional 1,680,971 shares in the last quarter. US Bancorp DE increased its holdings in shares of Dynatrace by 89.7% during the 1st quarter. US Bancorp DE now owns 48,478 shares of the company’s stock valued at $2,251,000 after acquiring an additional 22,928 shares during the last quarter. Norden Group LLC bought a new position in shares of Dynatrace in the 1st quarter valued at approximately $5,546,000. Crestline Management LP raised its stake in shares of Dynatrace by 385.3% in the 4th quarter. Crestline Management LP now owns 208,064 shares of the company’s stock valued at $11,379,000 after acquiring an additional 165,190 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Dynatrace by 640.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 182,355 shares of the company’s stock worth $8,469,000 after purchasing an additional 157,739 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on DT. Wells Fargo & Company decreased their price objective on shares of Dynatrace from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Loop Capital cut their price objective on Dynatrace from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, June 26th. BMO Capital Markets raised their target price on Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Guggenheim dropped their price target on Dynatrace from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Finally, Scotiabank raised their price objective on shares of Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.70.

Dynatrace Stock Performance

Shares of DT opened at $51.34 on Friday. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 98.73, a PEG ratio of 7.63 and a beta of 1.05. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The business’s fifty day moving average price is $47.64 and its two-hundred day moving average price is $46.54.

Dynatrace (NYSE:DT) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same period last year, the company earned $0.16 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. As a group, research analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Dynatrace news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the transaction, the chief executive officer now directly owns 650,587 shares of the company’s stock, valued at $33,505,230.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total transaction of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares in the company, valued at $33,505,230.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dan Zugelder sold 15,404 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $44.22, for a total value of $681,164.88. Following the completion of the sale, the executive vice president now owns 237,772 shares of the company’s stock, valued at $10,514,277.84. The disclosure for this sale can be found here. Insiders sold a total of 76,426 shares of company stock valued at $3,804,069 over the last ninety days. Insiders own 0.54% of the company’s stock.

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.