Kessler Investment Group LLC Acquires Shares of 123,158 Dynatrace, Inc. (NYSE:DT)

Kessler Investment Group LLC acquired a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 123,158 shares of the company’s stock, valued at approximately $6,585,000. Dynatrace comprises 3.4% of Kessler Investment Group LLC’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in Dynatrace by 3.8% in the first quarter. Bessemer Group Inc. now owns 6,128 shares of the company’s stock worth $284,000 after purchasing an additional 226 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Dynatrace by 76.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 530 shares of the company’s stock worth $25,000 after acquiring an additional 230 shares in the last quarter. Riverview Trust Co increased its holdings in shares of Dynatrace by 70.6% in 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 during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Dynatrace by 0.8% in the 1st quarter. State of Alaska Department of Revenue now owns 34,514 shares of the company’s stock valued at $1,602,000 after acquiring an additional 260 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Dynatrace by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 8,767 shares of the company’s stock valued at $392,000 after acquiring an additional 266 shares in the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DT has been the subject of a number of research reports. Barclays raised shares of Dynatrace from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $52.00 to $64.00 in a report on Monday, October 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dynatrace in a research report on Tuesday, August 6th. Wedbush began coverage on shares of Dynatrace in a report on Thursday, October 17th. They issued an “outperform” rating and a $67.00 target price on the stock. Scotiabank upped their target price on Dynatrace from $52.00 to $55.00 and gave the company a “sector outperform” rating in a report 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 price target on the stock. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.35.

Insider Activity

In other news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s 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 sale, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Rick M. Mcconnell sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $51.50, for a total value of $2,575,000.00. Following the completion of the transaction, the chief executive officer now owns 650,587 shares of the company’s stock, valued at approximately $33,505,230.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now directly owns 41,471 shares in the company, valued at approximately $2,280,905. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.54% of the company’s stock.

Dynatrace Price Performance

Shares of Dynatrace stock traded down $0.49 during trading on Tuesday, hitting $53.89. The stock had a trading volume of 66,692 shares, compared to its average volume of 3,368,747. The business has a fifty day moving average of $51.60 and a two-hundred day moving average of $47.60. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $61.41. The firm has a market cap of $16.07 billion, a P/E ratio of 105.15, a PEG ratio of 7.93 and a beta of 1.06.

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