Principal Financial Group Inc. Sells 296,392 Shares of Nextpower Inc. $NXT

Principal Financial Group Inc. reduced its stake in Nextpower Inc. by 37% in the fourth quarter, selling 296,392 shares and retaining 504,444 shares valued at $43.9 million. Despite this sale, institutional ownership in Nextpower remains high at 67.41%, with several other funds increasing their positions. The company also saw insider selling from CEO Daniel S. Shugar and a consensus analyst rating of “Moderate Buy” with an average price target of $117.79.

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