Bank of New York Mellon Corp Acquires Shares of 2,616,378 Dynatrace, Inc. $DT

Key Points

• Bank of New York Mellon acquired 2.62 million Dynatrace shares worth approximately $114.9 million, giving it a 0.90% stake. Institutional investors collectively own 94.28% of the company.
• Dynatrace reported quarterly revenue of $554.55 million, up 16.3% year over year, and EPS of $0.48, exceeding analyst expectations of $0.45.
• Shares opened at $49.18, while analysts maintain a “Moderate Buy” consensus with an average price target of $54.54; price targets recently rose as high as $65.

Bank of New York Mellon Corp acquired a new stake in Dynatrace, Inc. (NYSE:DT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,616,378 shares of the company's stock, valued at approximately $114,885,000. Bank of New York Mellon Corp owned about 0.90% of Dynatrace as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DT. NewEdge Advisors LLC grew its stake in Dynatrace by 25.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,135 shares of the company's stock valued at $431,000 after buying an additional 1,846 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Dynatrace by 19.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,161 shares of the company's stock valued at $102,000 after purchasing an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Dynatrace by 21.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,548 shares of the company's stock valued at $85,000 after purchasing an additional 272 shares during the period. Invesco Ltd. boosted its stake in Dynatrace by 38.9% in the 2nd quarter. Invesco Ltd. now owns 793,630 shares of the company's stock valued at $43,816,000 after purchasing an additional 222,395 shares during the period. Finally, Marshall Wace LLP acquired a new position in Dynatrace in the 2nd quarter valued at $410,000. 94.28% of the stock is currently owned by institutional investors.

Dynatrace Price Performance

Shares of NYSE DT opened at $49.18 on Monday. The business has a fifty day moving average price of $44.93 and a two-hundred day moving average price of $40.27. The stock has a market capitalization of $14.21 billion, a PE ratio of 98.36, a P/E/G ratio of 2.98 and a beta of 0.72. Dynatrace, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $53.28.

Dynatrace (NYSE:DT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Dynatrace had a return on equity of 11.07% and a net margin of 7.22%.The company had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. During the same period in the prior year, the firm posted $0.42 EPS. Dynatrace's quarterly revenue was up 16.3% on a year-over-year basis. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, equities analysts expect that Dynatrace, Inc. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. DA Davidson increased their price objective on Dynatrace from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Needham & Company LLC reissued a "hold" rating on shares of Dynatrace in a research report on Thursday, June 25th. Weiss Ratings upgraded shares of Dynatrace from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 9th. Rosenblatt Securities reaffirmed a "buy" rating and set a $52.00 price target on shares of Dynatrace in a research report on Tuesday, August 4th. Finally, Morgan Stanley lifted their price objective on shares of Dynatrace from $40.00 to $58.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Twenty-two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $54.54.

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.

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