Kessler Investment Group LLC Cuts Position in Dynatrace, Inc. (NYSE:DT)

Kessler Investment Group LLC lessened its stake in Dynatrace, Inc. (NYSE:DT) by 89.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,057 shares of the company’s stock after selling 110,101 shares during the quarter. Kessler Investment Group LLC’s holdings in Dynatrace were worth $710,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC increased its holdings in Dynatrace by 199.8% during the 3rd quarter. CWM LLC now owns 7,066 shares of the company’s stock valued at $378,000 after acquiring an additional 4,709 shares in the last quarter. Creative Planning increased its holdings in Dynatrace by 46.7% during the 3rd quarter. Creative Planning now owns 25,892 shares of the company’s stock valued at $1,384,000 after acquiring an additional 8,247 shares in the last quarter. Swedbank AB increased its holdings in Dynatrace by 15.1% during the 3rd quarter. Swedbank AB now owns 92,862 shares of the company’s stock valued at $4,965,000 after acquiring an additional 12,200 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in Dynatrace during the 3rd quarter valued at about $335,000. Finally, Riverview Trust Co increased its holdings in Dynatrace by 70.6% during the 3rd quarter. Riverview Trust Co now owns 621 shares of the company’s stock valued at $33,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Scotiabank raised their target price on shares of Dynatrace from $62.00 to $67.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research note on Thursday, February 6th. UBS Group raised their price target on shares of Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Dynatrace in a research note on Friday, January 31st. Finally, Royal Bank of Canada raised their price target on shares of Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.74.

Insider Buying and Selling at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of Dynatrace stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen J. Lifshatz sold 2,500 shares of Dynatrace stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the sale, the director now owns 36,471 shares in the company, valued at $2,220,354.48. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,459 shares of company stock valued at $5,177,882 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Dynatrace Stock Down 1.7 %

Shares of DT stock opened at $61.35 on Friday. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 6.93 and a beta of 1.04. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00. The firm’s 50 day moving average price is $55.52 and its two-hundred day moving average price is $53.08.

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.