Kessler Investment Group LLC Sells 110,101 Shares of Dynatrace, Inc. (NYSE:DT)

Kessler Investment Group LLC cut its stake in Dynatrace, Inc. (NYSE:DT - Free Report) by 89.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DT. Nations Financial Group Inc. IA ADV increased its position in shares of Dynatrace by 2.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,202 shares of the company's stock valued at $500,000 after purchasing an additional 222 shares during the last quarter. Rhumbline Advisers increased its holdings in Dynatrace by 1.2% during the fourth quarter. Rhumbline Advisers now owns 878,538 shares of the company's stock valued at $47,748,000 after buying an additional 10,017 shares during the last quarter. New Mexico Educational Retirement Board raised its position in Dynatrace by 25.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 60,870 shares of the company's stock worth $3,308,000 after acquiring an additional 12,370 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Dynatrace by 2.8% during the 4th quarter. Vontobel Holding Ltd. now owns 13,903 shares of the company's stock worth $756,000 after acquiring an additional 378 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Dynatrace by 8.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 116,916 shares of the company's stock valued at $6,394,000 after acquiring an additional 8,967 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Down 1.1 %

Shares of DT stock traded down $0.70 during trading hours on Wednesday, reaching $61.68. 2,331,168 shares of the stock were exchanged, compared to its average volume of 3,489,440. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 7.06 and a beta of 1.04. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The company's 50-day moving average price is $55.87 and its 200-day moving average price is $53.66.

Analysts Set New Price Targets

DT has been the subject of a number of analyst reports. Guggenheim restated a "neutral" rating on shares of Dynatrace in a research report on Friday, January 31st. UBS Group raised their target price 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. BMO Capital Markets upped their price target on shares of Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Scotiabank raised their price objective on shares of Dynatrace from $62.00 to $67.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Finally, Truist Financial upped their target price on shares of Dynatrace from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $62.04.

Insiders Place Their Bets

In related news, EVP Bernd Greifeneder sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 1,007,038 shares of the company's stock, valued at $58,237,007.54. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen J. Lifshatz sold 2,500 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now directly owns 36,471 shares of the company's stock, valued at approximately $2,220,354.48. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,459 shares of company stock valued at $7,634,682 over the last 90 days. 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.