Dynatrace, Inc. (NYSE:DT) Shares Sold by Amalgamated Bank

by · The Markets Daily

Amalgamated Bank trimmed its stake in shares of Dynatrace, Inc. (NYSE:DT – Free Report) by 2.1% during the 1st quarter, Holdings Channel reports. The fund owned 143,446 shares of the company’s stock after selling 3,130 shares during the quarter. Amalgamated Bank’s holdings in Dynatrace were worth $6,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Dynatrace during the fourth quarter worth about $842,000. Allstate Corp acquired a new stake in Dynatrace during the fourth quarter worth about $471,000. Lecap Asset Management Ltd. acquired a new stake in Dynatrace during the first quarter worth about $3,846,000. Metis Global Partners LLC acquired a new stake in Dynatrace during the fourth quarter worth about $571,000. Finally, Proficio Capital Partners LLC acquired a new stake in Dynatrace during the fourth quarter worth about $1,057,000. 94.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Dan Zugelder sold 15,824 shares of Dynatrace stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $862,724.48. Following the transaction, the executive vice president owned 17,242 shares in the company, valued at approximately $940,033.84. This trade represents a 47.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DT shares. Wall Street Zen lowered Dynatrace from a “buy” rating to a “hold” rating in a report on Sunday. Loop Capital dropped their price objective on Dynatrace from $55.00 to $44.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley set a $55.00 price objective on Dynatrace in a report on Thursday, May 15th. Rosenblatt Securities reissued a “buy” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Tuesday, May 13th. Finally, Wedbush reissued an “outperform” rating and issued a $67.00 price objective on shares of Dynatrace in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.26.

Check Out Our Latest Stock Report on Dynatrace

Dynatrace Stock Performance

Shares of Dynatrace stock opened at $54.44 on Wednesday. Dynatrace, Inc. has a one year low of $39.30 and a one year high of $63.00. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 4.82 and a beta of 0.91. The business’s 50 day moving average price is $52.24 and its 200 day moving average price is $52.46.

Dynatrace (NYSE:DT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Dynatrace had a return on equity of 9.08% and a net margin of 28.47%. The firm had revenue of $445.17 million for the quarter, compared to the consensus estimate of $435.14 million. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. On average, analysts predict that Dynatrace, Inc. will post 0.68 EPS for the current fiscal year.

About Dynatrace

(Free Report)

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.

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