Amalgamated Bank Buys 475 Shares of Dynatrace, Inc. (NYSE:DT)

Amalgamated Bank boosted its stake in Dynatrace, Inc. (NYSE:DT) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,576 shares of the company’s stock after purchasing an additional 475 shares during the quarter. Amalgamated Bank’s holdings in Dynatrace were worth $7,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Dynatrace by 42.4% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 101,446 shares of the company’s stock worth $5,514,000 after purchasing an additional 30,200 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Dynatrace by 45.0% in the fourth quarter. First Horizon Advisors Inc. now owns 2,189 shares of the company’s stock worth $119,000 after purchasing an additional 679 shares during the period. Olympiad Research LP purchased a new stake in shares of Dynatrace in the fourth quarter worth $210,000. Handelsbanken Fonder AB boosted its stake in Dynatrace by 12.6% during the fourth quarter. Handelsbanken Fonder AB now owns 2,611,400 shares of the company’s stock valued at $141,930,000 after buying an additional 292,400 shares during the period. Finally, TimesSquare Capital Management LLC purchased a new position in Dynatrace during the fourth quarter worth about $73,906,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. DA Davidson set a $70.00 price target on Dynatrace in a research report on Friday, January 31st. Royal Bank of Canada lifted their target price on shares of Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Loop Capital boosted their price target on shares of Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company set a $70.00 price objective on shares of Dynatrace in a research report on Friday, January 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $67.00 target price on shares of Dynatrace in a research report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.25.

Insider Buying and Selling at Dynatrace

In related news, EVP Bernd Greifeneder sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rick M. Mcconnell sold 40,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 548,684 shares of the company’s stock, valued at approximately $33,700,171.28. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 167,459 shares of company stock worth $10,052,682. Company insiders own 0.59% of the company’s stock.

Dynatrace Price Performance

Shares of NYSE:DT opened at $58.86 on Thursday. Dynatrace, Inc. has a 1 year low of $39.42 and a 1 year high of $63.00. The stock’s fifty day moving average price is $56.33 and its 200-day moving average price is $54.18. The company 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.

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.