Bank of New York Mellon Corp Sells 101,543 Shares of Dynatrace, Inc. $DT

Bank of New York Mellon Corp cut its position in shares of Dynatrace, Inc. (NYSE:DT) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,238,777 shares of the company’s stock after selling 101,543 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dynatrace were worth $82,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Dynatrace during the 4th quarter worth approximately $26,000. Brown Lisle Cummings Inc. grew its holdings in shares of Dynatrace by 218.8% in the first quarter. Brown Lisle Cummings Inc. now owns 797 shares of the company’s stock valued at $29,000 after acquiring an additional 547 shares in the last quarter. RHL Group LLC bought a new position in shares of Dynatrace in the fourth quarter valued at approximately $30,000. Larson Financial Group LLC increased its position in shares of Dynatrace by 168.8% during the fourth quarter. Larson Financial Group LLC now owns 809 shares of the company’s stock valued at $35,000 after acquiring an additional 508 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of Dynatrace by 99.6% during the fourth quarter. True Wealth Design LLC now owns 896 shares of the company’s stock valued at $39,000 after acquiring an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DT. Citigroup cut their price objective on Dynatrace from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. JPMorgan Chase & Co. lowered their target price on Dynatrace from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Guggenheim downgraded shares of Dynatrace from a “buy” rating to a “neutral” rating in a report on Wednesday, May 13th. The Goldman Sachs Group increased their price target on shares of Dynatrace from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, KeyCorp raised their price objective on shares of Dynatrace from $47.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.42.

Dynatrace Stock Performance

DT stock opened at $42.80 on Wednesday. The stock has a fifty day moving average of $42.14 and a 200-day moving average of $39.30. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $55.49. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 79.26, a PEG ratio of 2.88 and a beta of 0.73.

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

About Dynatrace

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.