Kessler Investment Group LLC Trims Holdings in Dynatrace, Inc. (NYSE:DT)

Kessler Investment Group LLC trimmed its stake in Dynatrace, Inc. (NYSE:DT) by 89.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,057 shares of the company’s stock after selling 110,101 shares during the period. Kessler Investment Group LLC’s holdings in Dynatrace were worth $710,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Holocene Advisors LP purchased a new stake in Dynatrace during the 3rd quarter worth approximately $126,592,000. State Street Corp increased its stake in Dynatrace by 14.6% during the 3rd quarter. State Street Corp now owns 9,468,594 shares of the company’s stock worth $506,286,000 after buying an additional 1,207,621 shares during the period. Barclays PLC increased its stake in Dynatrace by 85.3% during the 3rd quarter. Barclays PLC now owns 2,133,462 shares of the company’s stock worth $114,076,000 after buying an additional 981,964 shares during the period. Geode Capital Management LLC increased its stake in Dynatrace by 20.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,127,967 shares of the company’s stock worth $273,610,000 after buying an additional 884,673 shares during the period. Finally, Westfield Capital Management Co. LP increased its stake in Dynatrace by 31.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,703,772 shares of the company’s stock worth $144,571,000 after buying an additional 648,808 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Price Performance

Shares of NYSE:DT opened at $61.35 on Friday. The stock has a market cap of $18.36 billion, a P/E ratio of 38.34, a P/E/G ratio of 6.93 and a beta of 1.04. The firm has a fifty day moving average price of $55.52 and a 200 day moving average price of $53.08. Dynatrace, Inc. has a 1-year low of $39.42 and a 1-year high of $63.00.

Analysts Set New Price Targets

Several brokerages recently weighed in on DT. BTIG Research upped their target price on shares of Dynatrace from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $57.00 price objective on shares of Dynatrace in a research report on Thursday, February 6th. Jefferies Financial Group increased their price objective on shares of Dynatrace from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Guggenheim reissued a “neutral” rating on shares of Dynatrace in a research report on Friday, January 31st. Finally, Barclays increased their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.74.

Insider Transactions at Dynatrace

In other news, EVP Bernd Greifeneder sold 50,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $57.83, for a total value of $2,891,500.00. Following the completion of the sale, the executive vice president now owns 1,007,038 shares in the company, valued at approximately $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James M. Benson sold 34,932 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $61.05, for a total transaction of $2,132,598.60. Following the completion of the sale, the chief financial officer now owns 339,004 shares of the company’s stock, valued at $20,696,194.20. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,459 shares of company stock worth $5,177,882. Company insiders own 0.59% of the company’s stock.

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.