Dynatrace, Inc. (NYSE:DT) Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Dynatrace, Inc. (NYSE:DT) by 12.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,036,209 shares of the company’s stock after acquiring an additional 117,928 shares during the quarter. Principal Financial Group Inc.’s holdings in Dynatrace were worth $56,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in DT. Contravisory Investment Management Inc. acquired a new position in shares of Dynatrace during the 4th quarter valued at $25,000. NewSquare Capital LLC acquired a new stake in shares of Dynatrace in the fourth quarter worth $32,000. Planned Solutions Inc. acquired a new stake in shares of Dynatrace in the fourth quarter worth $38,000. Lindbrook Capital LLC boosted its position in shares of Dynatrace by 35.9% in the fourth quarter. Lindbrook Capital LLC now owns 708 shares of the company’s stock worth $39,000 after buying an additional 187 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Dynatrace in the fourth quarter worth $40,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on DT. Morgan Stanley began coverage on Dynatrace in a research report on Tuesday, February 13th. They issued an “equal weight” rating and a $60.00 target price for the company. Capital One Financial assumed coverage on Dynatrace in a research report on Wednesday, February 21st. They issued an “overweight” rating and a $64.00 target price for the company. Scotiabank lifted their price objective on Dynatrace from $62.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Monday, February 5th. Robert W. Baird lowered their target price on Dynatrace from $65.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Rosenblatt Securities boosted their target price on Dynatrace from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.13.

Insider Buying and Selling at Dynatrace

In other Dynatrace news, CEO Rick M. Mcconnell sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the completion of the transaction, the chief executive officer now owns 477,105 shares of the company’s stock, valued at approximately $22,085,190.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Rick M. Mcconnell sold 1,991 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $51.91, for a total transaction of $103,352.81. Following the sale, the chief executive officer now directly owns 514,106 shares in the company, valued at approximately $26,687,242.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rick M. Mcconnell sold 25,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $46.29, for a total value of $1,157,250.00. Following the sale, the chief executive officer now owns 477,105 shares in the company, valued at $22,085,190.45. The disclosure for this sale can be found here. Insiders sold a total of 29,067 shares of company stock valued at $1,368,368 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

Dynatrace Stock Up 2.9 %

Dynatrace stock opened at $47.76 on Thursday. The business has a 50 day moving average price of $46.24 and a two-hundred day moving average price of $50.77. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 72.36, a price-to-earnings-growth ratio of 3.96 and a beta of 1.06. Dynatrace, Inc. has a 12 month low of $43.29 and a 12 month high of $61.41.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments. It 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.