Principal Financial Group Inc. Lowers Position in Dynatrace, Inc. (NYSE:DT)

Principal Financial Group Inc. decreased its holdings in Dynatrace, Inc. (NYSE:DT - Free Report) by 13.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 727,622 shares of the company's stock after selling 112,674 shares during the quarter. Principal Financial Group Inc. owned about 0.24% of Dynatrace worth $38,906,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Eminence Capital LP bought a new position in shares of Dynatrace in the 2nd quarter worth $158,369,000. Jericho Capital Asset Management L.P. bought a new stake in Dynatrace during the first quarter valued at about $133,701,000. Assenagon Asset Management S.A. increased its holdings in shares of Dynatrace by 1,146.0% during the second quarter. Assenagon Asset Management S.A. now owns 2,208,137 shares of the company's stock valued at $98,792,000 after acquiring an additional 2,030,915 shares in the last quarter. Vanguard Group Inc. grew its position in Dynatrace by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 27,945,251 shares of the company's stock worth $1,297,777,000 after purchasing an additional 1,680,971 shares during the period. Finally, Marshall Wace LLP increased its holdings in Dynatrace by 285.7% in the 2nd quarter. Marshall Wace LLP now owns 1,389,727 shares of the company's stock worth $62,176,000 after acquiring an additional 1,029,387 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the sale, the director now owns 41,471 shares of the company's stock, valued at $2,280,905. This represents 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 accessible through the SEC website. In other news, Director Stephen J. Lifshatz sold 5,000 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company's stock, valued at approximately $2,280,905. 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 the SEC website. Also, EVP Dan Zugelder sold 11,022 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $49.71, for a total transaction of $547,903.62. Following the completion of the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,022 shares of company stock worth $3,397,904. 0.59% of the stock is owned by company insiders.

Dynatrace Trading Down 0.5 %

Shares of DT stock traded down $0.26 during trading hours on Tuesday, hitting $53.22. The company's stock had a trading volume of 2,724,002 shares, compared to its average volume of 3,339,339. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 97.24, a P/E/G ratio of 7.77 and a beta of 1.06. The business has a fifty day moving average of $52.95 and a 200-day moving average of $48.46. Dynatrace, Inc. has a twelve month low of $39.42 and a twelve month high of $61.41.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Rosenblatt Securities restated a "buy" rating and issued a $65.00 price objective on shares of Dynatrace in a report on Wednesday, November 6th. BTIG Research increased their price objective on Dynatrace from $57.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group increased their price target on Dynatrace from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Dynatrace from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price objective on Dynatrace from $53.00 to $61.00 and gave the stock an "outperform" rating in a report on Friday. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Dynatrace currently has an average rating of "Moderate Buy" and a consensus target price of $61.50.

Dynatrace Company Profile

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.