Dynatrace, Inc. $DT Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Dynatrace, Inc. (NYSE:DT) by 16.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,340,320 shares of the company’s stock after selling 457,115 shares during the period. Bank of New York Mellon Corp’s holdings in Dynatrace were worth $101,429,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Dynatrace by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 32,142,909 shares of the company’s stock worth $1,557,324,000 after acquiring an additional 739,895 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in Dynatrace by 16.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,648,533 shares of the company’s stock valued at $634,985,000 after purchasing an additional 2,076,990 shares during the last quarter. State Street Corp increased its stake in Dynatrace by 2.8% in the third quarter. State Street Corp now owns 10,562,363 shares of the company’s stock valued at $511,746,000 after purchasing an additional 286,352 shares during the last quarter. American Century Companies Inc. raised its holdings in Dynatrace by 0.9% during the third quarter. American Century Companies Inc. now owns 7,919,446 shares of the company’s stock worth $383,697,000 after purchasing an additional 73,827 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Dynatrace by 719.3% in the third quarter. Wellington Management Group LLP now owns 7,340,127 shares of the company’s stock valued at $355,629,000 after acquiring an additional 6,444,262 shares during the last quarter. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Dynatrace Stock Up 0.2%

Shares of NYSE:DT opened at $42.26 on Monday. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $57.55. The firm’s 50-day simple moving average is $38.03 and its 200-day simple moving average is $39.64. The company has a market cap of $12.32 billion, a price-to-earnings ratio of 78.25, a PEG ratio of 2.74 and a beta of 0.75.

Dynatrace (NYSE:DT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Dynatrace had a net margin of 8.06% and a return on equity of 10.37%. The firm had revenue of $531.72 million during the quarter, compared to analysts’ expectations of $521.01 million. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. Dynatrace has set its FY 2027 guidance at 1.930-1.950 EPS and its Q1 2027 guidance at 0.440-0.450 EPS. On average, research analysts forecast that Dynatrace, Inc. will post 1.11 EPS for the current year.

Dynatrace announced that its board has initiated a share buyback plan on Monday, February 9th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 9.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DT shares. Scotiabank cut their target price on Dynatrace from $47.00 to $44.00 and set a “sector outperform” rating on the stock in a research report on Thursday, May 14th. Citigroup reduced their price target on shares of Dynatrace from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. The Goldman Sachs Group assumed coverage on shares of Dynatrace in a research note on Tuesday, April 21st. They set a “buy” rating and a $45.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Dynatrace from $65.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Finally, Raymond James Financial restated a “market perform” rating on shares of Dynatrace in a research note on Monday, February 9th. Twenty-one analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

Dynatrace Profile

Dynatrace is a global software intelligence company specializing in application performance management (APM), cloud infrastructure monitoring, and digital experience management. Its flagship offering, the Dynatrace Software Intelligence Platform, leverages artificial intelligence to provide real-time observability across distributed environments, including on-premises data centers, private clouds, public clouds and hybrid deployments. Organizations rely on Dynatrace to detect anomalies, troubleshoot performance issues and optimize end-user experiences through automated root-cause analysis powered by the company’s engine, Davis.

The Dynatrace platform comprises modules for full-stack application monitoring, digital experience monitoring, infrastructure monitoring and business analytics.