Principal Financial Group Inc. Has $41.96 Million Stock Position in Dynatrace, Inc. (NYSE:DT)

Principal Financial Group Inc. grew its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 772,101 shares of the company's stock after purchasing an additional 44,479 shares during the quarter. Principal Financial Group Inc. owned approximately 0.26% of Dynatrace worth $41,964,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Creative Planning boosted its stake in Dynatrace by 46.7% in the third quarter. Creative Planning now owns 25,892 shares of the company's stock valued at $1,384,000 after acquiring an additional 8,247 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Dynatrace by 12.1% in the 3rd quarter. Raymond James & Associates now owns 311,104 shares of the company's stock valued at $16,635,000 after purchasing an additional 33,466 shares during the period. Signaturefd LLC boosted its position in shares of Dynatrace by 31.0% in the 3rd quarter. Signaturefd LLC now owns 4,389 shares of the company's stock worth $235,000 after purchasing an additional 1,038 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Dynatrace during the third quarter worth $1,627,000. Finally, Dakota Wealth Management increased its holdings in Dynatrace by 15.8% in the third quarter. Dakota Wealth Management now owns 12,923 shares of the company's stock valued at $691,000 after purchasing an additional 1,762 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company's stock.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $60.45, for a total value of $2,418,000.00. Following the completion of the sale, the chief executive officer now owns 506,720 shares in the company, valued at $30,631,224. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the transaction, the executive vice president now owns 1,007,038 shares in the company, valued at $58,237,007.54. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,459 shares of company stock worth $10,052,682 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DT has been the subject of several analyst reports. UBS Group boosted their target price on Dynatrace from $58.00 to $62.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Barclays boosted their price objective on shares of Dynatrace from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Loop Capital increased their target price on shares of Dynatrace from $45.00 to $55.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Cantor Fitzgerald reissued a "neutral" rating and set a $57.00 price target on shares of Dynatrace in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Dynatrace currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.25.

Dynatrace Trading Down 0.9 %

Shares of Dynatrace stock traded down $0.54 during trading hours on Tuesday, reaching $58.45. 2,157,160 shares of the company's stock were exchanged, compared to its average volume of 3,383,649. The stock has a market cap of $17.50 billion, a P/E ratio of 36.53, a P/E/G ratio of 7.05 and a beta of 1.04. The company has a 50 day moving average of $56.22 and a two-hundred day moving average of $54.14. Dynatrace, Inc. has a fifty-two week low of $39.42 and a fifty-two week high of $63.00.

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.