Amalgamated Bank Boosts Holdings in Dynatrace, Inc. (NYSE:DT)

Amalgamated Bank raised its holdings in shares of Dynatrace, Inc. (NYSE:DT) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,101 shares of the company’s stock after buying an additional 20,107 shares during the period. Amalgamated Bank’s holdings in Dynatrace were worth $7,812,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DT. Geneos Wealth Management Inc. grew its position in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock valued at $25,000 after acquiring an additional 230 shares during the period. Versant Capital Management Inc grew its holdings in Dynatrace by 3,813.3% during the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after purchasing an additional 572 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Dynatrace during the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC purchased a new position in shares of Dynatrace during the 2nd quarter valued at about $32,000. Finally, Riverview Trust Co grew its stake in shares of Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a report on Tuesday, August 6th. Guggenheim lifted their target price on shares of Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. increased their price target on Dynatrace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Wedbush began coverage on Dynatrace in a research report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, Jefferies Financial Group increased their target price on Dynatrace from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dynatrace has an average rating of “Moderate Buy” and an average target price of $60.46.

Dynatrace Trading Up 3.1 %

DT stock opened at $56.49 on Thursday. The stock has a market cap of $16.83 billion, a PE ratio of 108.63, a P/E/G ratio of 7.94 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $39.42 and a 12 month high of $61.41. The company has a 50-day moving average price of $52.77 and a 200 day moving average price of $48.29.

Dynatrace (NYSE:DT) last announced its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The business had revenue of $399.20 million during the quarter, compared to analyst estimates of $392.22 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. Sell-side analysts forecast that Dynatrace, Inc. will post 0.71 EPS for the current year.

Insider Activity at Dynatrace

In other Dynatrace news, EVP Dan Zugelder sold 11,022 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares in the company, valued at $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Dan Zugelder sold 11,022 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $49.71, for a total transaction of $547,903.62. Following the transaction, the executive vice president now directly owns 217,465 shares of the company’s stock, valued at approximately $10,810,185.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,022 shares of company stock worth $3,397,904 in the last quarter. 0.59% of the stock is owned by company insiders.

About Dynatrace

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.