Amalgamated Bank Has $7.97 Million Stock Holdings in Dynatrace, Inc. (NYSE:DT)

Amalgamated Bank lifted its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,576 shares of the company’s stock after purchasing an additional 475 shares during the period. Amalgamated Bank’s holdings in Dynatrace were worth $7,966,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Planning increased its stake in Dynatrace by 46.7% in the third quarter. Creative Planning now owns 25,892 shares of the company’s stock valued at $1,384,000 after purchasing an additional 8,247 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Dynatrace in the 3rd quarter valued at about $1,627,000. Forsta AP Fonden increased its position in Dynatrace by 15.1% in the 3rd quarter. Forsta AP Fonden now owns 61,900 shares of the company’s stock valued at $3,310,000 after buying an additional 8,100 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Dynatrace in the 3rd quarter valued at about $587,000. Finally, State of Alaska Department of Revenue raised its stake in Dynatrace by 24.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 43,099 shares of the company’s stock worth $2,303,000 after buying an additional 8,585 shares during the period. Institutional investors and hedge funds own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

DT has been the subject of several recent research reports. Loop Capital boosted their price objective on Dynatrace from $45.00 to $55.00 and gave the company a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Barclays upped their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 price objective on shares of Dynatrace in a report on Thursday, February 6th. Finally, Wedbush reissued an “outperform” rating and set a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Dynatrace presently has a consensus rating of “Moderate Buy” and an average price target of $63.25.

Insider Activity

In other news, CEO Rick M. Mcconnell sold 40,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the transaction, the chief executive officer now owns 548,684 shares of the company’s stock, valued at $33,700,171.28. This represents a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,459 shares of company stock valued at $10,052,682 in the last three months. Company insiders own 0.59% of the company’s stock.

Dynatrace Stock Performance

DT opened at $58.86 on Thursday. The firm has a market cap of $17.62 billion, a P/E ratio of 36.79, a PEG ratio of 7.05 and a beta of 1.04. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The firm has a 50-day moving average of $56.33 and a 200 day moving average of $54.18.

Dynatrace Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company 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.