Amalgamated Bank Increases Position in Dynatrace, Inc. (NYSE:DT)

Amalgamated Bank increased its stake in shares of Dynatrace, Inc. (NYSE:DT) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 176,186 shares of the company’s stock after buying an additional 360 shares during the quarter. Amalgamated Bank owned about 0.06% of Dynatrace worth $9,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its stake in shares of Dynatrace by 1,442.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 99,664 shares of the company’s stock worth $5,451,000 after acquiring an additional 93,201 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Dynatrace by 55.5% in the 4th quarter. Natixis Advisors L.P. now owns 138,941 shares of the company’s stock valued at $7,598,000 after buying an additional 49,588 shares during the period. Retirement Systems of Alabama raised its position in Dynatrace by 0.7% in the fourth quarter. Retirement Systems of Alabama now owns 298,658 shares of the company’s stock worth $16,334,000 after acquiring an additional 2,033 shares in the last quarter. Cercano Management LLC acquired a new stake in Dynatrace in the fourth quarter valued at $32,022,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Dynatrace during the 4th quarter worth $213,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JMP Securities lifted their price objective on Dynatrace from $56.00 to $68.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Needham & Company LLC restated a “hold” rating on shares of Dynatrace in a research report on Monday, April 1st. Jefferies Financial Group raised shares of Dynatrace from a “hold” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $70.00 in a research note on Friday, January 5th. Barclays dropped their price target on Dynatrace from $59.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 20th. Finally, Rosenblatt Securities increased their price objective on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.08.

Insider Transactions at Dynatrace

In other news, CEO Rick M. Mcconnell sold 25,000 shares of Dynatrace stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares of the company’s stock, valued at $22,085,190.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $46.29, for a total transaction of $1,157,250.00. Following the sale, the chief executive officer now directly owns 477,105 shares in the company, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thoma Bravo Ugp, Llc sold 14,242,929 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.60, for a total transaction of $749,178,065.40. Following the completion of the transaction, the insider now owns 16,114,344 shares of the company’s stock, valued at $847,614,494.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,278,591 shares of company stock worth $750,893,396. Insiders own 0.54% of the company’s stock.

Dynatrace Stock Performance

Shares of DT stock traded down $0.05 during trading hours on Friday, hitting $45.79. 8,769,237 shares of the company were exchanged, compared to its average volume of 3,126,549. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 69.36, a P/E/G ratio of 3.96 and a beta of 1.06. Dynatrace, Inc. has a one year low of $42.50 and a one year high of $61.41. The business’s 50-day simple moving average is $46.64 and its two-hundred day simple moving average is $50.74.

Dynatrace (NYSE:DT) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $365.10 million during the quarter, compared to the consensus estimate of $357.64 million. Dynatrace had a net margin of 14.44% and a return on equity of 11.92%. As a group, analysts anticipate that Dynatrace, Inc. will post 0.62 EPS for the current fiscal year.

About Dynatrace

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.