Bank of New York Mellon Corp Has $123.49 Million Position in Dynatrace, Inc. (NYSE:DT)

Bank of New York Mellon Corp cut its position in Dynatrace, Inc. (NYSE:DT - Free Report) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,619,105 shares of the company's stock after selling 32,214 shares during the quarter. Bank of New York Mellon Corp owned 0.87% of Dynatrace worth $123,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in DT. Vanguard Group Inc. lifted its position in shares of Dynatrace by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 30,161,184 shares of the company's stock worth $1,639,260,000 after buying an additional 484,877 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Dynatrace by 5.6% in the 4th quarter. Janus Henderson Group PLC now owns 9,361,736 shares of the company's stock worth $508,811,000 after buying an additional 493,987 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Dynatrace by 10.2% in the 4th quarter. American Century Companies Inc. now owns 7,570,364 shares of the company's stock worth $411,449,000 after buying an additional 700,332 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Dynatrace by 13.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,025,949 shares of the company's stock worth $381,860,000 after buying an additional 834,225 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Dynatrace by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 5,215,824 shares of the company's stock worth $282,985,000 after buying an additional 87,857 shares during the last quarter. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DT shares. Bank of America raised their price target on shares of Dynatrace from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Royal Bank Of Canada increased their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dynatrace in a report on Wednesday, May 14th. Morgan Stanley set a $55.00 price objective on shares of Dynatrace in a report on Thursday, May 15th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $67.00 price objective on shares of Dynatrace in a report on Tuesday, May 13th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Dynatrace presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.26.

Dynatrace Trading Down 0.0%

Shares of DT traded down $0.01 during midday trading on Wednesday, hitting $56.25. The stock had a trading volume of 1,836,733 shares, compared to its average volume of 2,986,841. Dynatrace, Inc. has a fifty-two week low of $39.30 and a fifty-two week high of $63.00. The business has a 50-day simple moving average of $53.25 and a two-hundred day simple moving average of $52.52. The firm has a market cap of $16.86 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 4.95 and a beta of 0.91.

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

Insider Activity at Dynatrace

In related news, EVP Dan Zugelder sold 15,824 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $54.52, for a total transaction of $862,724.48. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.59% of the company's stock.

Dynatrace Profile

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.