Principal Financial Group Inc. Sells 112,674 Shares of Dynatrace, Inc. (NYSE:DT)

Principal Financial Group Inc. lowered its stake in Dynatrace, Inc. (NYSE:DT) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 727,622 shares of the company’s stock after selling 112,674 shares during the quarter. Principal Financial Group Inc. owned 0.24% of Dynatrace worth $38,906,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new stake in Dynatrace during the 2nd quarter valued at $26,000. Riverview Trust Co grew its position in shares of Dynatrace by 70.6% during 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 period. UMB Bank n.a. grew its position in shares of Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock valued at $38,000 after acquiring an additional 535 shares during the period. Paladin Wealth LLC bought a new stake in shares of Dynatrace during the 3rd quarter valued at $38,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Dynatrace during the 3rd quarter valued at $52,000. Institutional investors own 94.28% of the company’s stock.

Insider Buying and Selling

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value 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. The trade was a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,027 shares of company stock valued at $3,168,084 over the last quarter. 0.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Scotiabank increased their price objective on shares of Dynatrace from $55.00 to $62.00 and gave the company a “sector outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Dynatrace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. UBS Group began coverage on shares of Dynatrace in a research note on Wednesday, November 27th. They issued a “neutral” rating and a $58.00 price objective for the company. Finally, BTIG Research boosted their target price on shares of Dynatrace from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Dynatrace presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Dynatrace Stock Down 0.5 %

Dynatrace stock opened at $54.38 on Tuesday. Dynatrace, Inc. has a 52 week low of $39.42 and a 52 week high of $61.41. The company has a market capitalization of $16.23 billion, a price-to-earnings ratio of 98.87, a price-to-earnings-growth ratio of 8.20 and a beta of 1.01. The stock has a 50-day moving average price of $54.74 and a 200 day moving average price of $50.19.

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.