123,158 Shares in Dynatrace, Inc. (NYSE:DT) Acquired by Kessler Investment Group LLC

Kessler Investment Group LLC acquired a new stake in shares of Dynatrace, Inc. (NYSE:DT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 123,158 shares of the company’s stock, valued at approximately $6,585,000. Dynatrace makes up about 3.4% of Kessler Investment Group LLC’s investment portfolio, making the stock its 11th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in shares of Dynatrace by 76.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after purchasing an additional 230 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Dynatrace during the second quarter valued at approximately $26,000. Versant Capital Management Inc lifted its stake in Dynatrace by 3,813.3% in the second quarter. Versant Capital Management Inc now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 572 shares during the last quarter. Riverview Trust Co grew its position in Dynatrace by 70.6% in the third quarter. Riverview Trust Co now owns 621 shares of the company’s stock worth $33,000 after acquiring an additional 257 shares in the last quarter. Finally, Paladin Wealth LLC bought a new stake in Dynatrace in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DT shares. BMO Capital Markets lifted their price objective on shares of Dynatrace from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Guggenheim raised their target price on Dynatrace from $55.00 to $64.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wedbush assumed coverage on Dynatrace in a research note on Thursday, October 17th. They set an “outperform” rating and a $67.00 price target for the company. Scotiabank raised their price objective on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 8th. Finally, BNP Paribas assumed coverage on Dynatrace in a report on Tuesday, October 8th. They issued a “neutral” rating and a $52.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.35.

Insider Transactions at Dynatrace

In related news, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now owns 217,465 shares of the company’s stock, valued at $10,810,185.15. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of Dynatrace stock in a transaction on Friday, October 11th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 41,471 shares of the company’s stock, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dan Zugelder sold 11,022 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at approximately $10,810,185.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,022 shares of company stock valued at $3,397,904. Company insiders own 0.54% of the company’s stock.

Dynatrace Stock Performance

Shares of NYSE:DT traded down $0.49 during trading on Tuesday, hitting $53.89. 66,692 shares of the stock were exchanged, compared to its average volume of 3,368,747. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 105.15, a price-to-earnings-growth ratio of 7.93 and a beta of 1.06. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $61.41. The company’s fifty day simple moving average is $51.60 and its 200-day simple moving average is $47.60.

Dynatrace (NYSE:DT) last issued its earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $399.20 million during the quarter, compared to analysts’ expectations of $392.22 million. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. Dynatrace’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.16 earnings per share. On average, research analysts forecast that Dynatrace, Inc. will post 0.71 earnings per share for the current fiscal year.

About Dynatrace

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.