Yes, use the following process:
In the Configuration Manager console, go to the Administration workspace, expand Cloud Services, and select the Azure Services node. Open the properties for the entry associated with your Desktop Analytics service.
On the Desktop Analytics Connection tab, change the Target Collection or manage the other collections.
Note
Don't include more than 20 collections to the list of additional collections. Be cautious about the total number of devices in each collection. Always include your Global pilot include and exclude collections.
Important
Configuration Manager uses a settings policy to configure devices in the target collection. This policy includes the diagnostic data settings to enable devices to send data to Microsoft. Changing the target collection doesn't undo the settings policy on devices no longer in the target collection. If you don't want your devices to continue sending diagnostic data, reconfigure the devices.