Principal Securities Inc. Increases Stake in Dynatrace, Inc. (NYSE:DT)

Principal Securities Inc. raised its stake in shares of Dynatrace, Inc. (NYSE:DT) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,384 shares of the company’s stock after buying an additional 1,590 shares during the quarter. Principal Securities Inc.’s holdings in Dynatrace were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in DT. Nisa Investment Advisors LLC grew its holdings in shares of Dynatrace by 271.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after purchasing an additional 530 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Dynatrace in the third quarter worth $52,000. UMB Bank n.a. lifted its position in Dynatrace by 75.3% in the fourth quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock worth $68,000 after buying an additional 541 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Dynatrace by 53.6% in the third quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock worth $81,000 after buying an additional 527 shares during the last quarter. Finally, Financial Life Planners bought a new stake in Dynatrace in the fourth quarter worth $83,000. 94.28% of the stock is owned by hedge funds and other institutional investors.

Dynatrace Trading Down 0.6 %

Shares of NYSE:DT opened at $61.28 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The company has a market capitalization of $18.34 billion, a PE ratio of 38.30, a PEG ratio of 7.18 and a beta of 1.04. The business has a 50 day moving average of $55.97 and a two-hundred day moving average of $53.71.

Insider Buying and Selling at Dynatrace

In related news, CEO Rick M. Mcconnell sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $61.42, for a total transaction of $2,456,800.00. Following the completion of the sale, the chief executive officer now directly owns 548,684 shares in the company, valued at approximately $33,700,171.28. The trade was a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total value of $2,891,500.00. Following the sale, the executive vice president now 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. Over the last ninety days, insiders sold 127,459 shares of company stock valued at $7,634,682. 0.59% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on DT shares. Barclays raised their price target on Dynatrace from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Loop Capital lifted their target price on Dynatrace from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Morgan Stanley lifted their target price on Dynatrace from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Royal Bank of Canada lifted their target price on Dynatrace from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $67.00 target price on shares of Dynatrace in a research report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.04.

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.