Dimensional Fund Advisors LP Has $44.78 Million Stake in Dropbox, Inc. (NASDAQ:DBX)

Dimensional Fund Advisors LP increased its stake in shares of Dropbox, Inc. (NASDAQ:DBXFree Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,518,959 shares of the company’s stock after purchasing an additional 28,393 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.44% of Dropbox worth $44,782,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DBX. LSV Asset Management boosted its stake in shares of Dropbox by 119.4% during the 4th quarter. LSV Asset Management now owns 3,305,730 shares of the company’s stock valued at $97,453,000 after buying an additional 1,799,030 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Dropbox by 65.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 2,189,593 shares of the company’s stock valued at $64,825,000 after purchasing an additional 869,043 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Dropbox by 41.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,745,782 shares of the company’s stock worth $47,538,000 after purchasing an additional 514,898 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Dropbox by 5,263.9% during the 3rd quarter. WINTON GROUP Ltd now owns 428,899 shares of the company’s stock worth $11,679,000 after purchasing an additional 420,903 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Dropbox by 50.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 909,638 shares of the company’s stock valued at $24,769,000 after buying an additional 306,590 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Timothy Regan sold 3,000 shares of Dropbox stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $24.02, for a total transaction of $72,060.00. Following the sale, the chief financial officer now directly owns 403,720 shares of the company’s stock, valued at $9,697,354.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Andrew Houston sold 164,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $23.86, for a total transaction of $3,913,040.00. Following the completion of the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at approximately $197,242,650.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy Regan sold 3,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $24.02, for a total transaction of $72,060.00. Following the completion of the sale, the chief financial officer now directly owns 403,720 shares in the company, valued at approximately $9,697,354.40. The disclosure for this sale can be found here. Insiders have sold 271,721 shares of company stock worth $6,443,955 in the last ninety days. Insiders own 26.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group downgraded Dropbox from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $26.00 to $24.00 in a report on Friday, February 16th. Bank of America downgraded shares of Dropbox from a “buy” rating to an “underperform” rating and cut their price target for the company from $34.00 to $28.00 in a report on Friday, February 16th. JMP Securities cut shares of Dropbox from an “outperform” rating to a “market perform” rating in a report on Friday, February 16th. JPMorgan Chase & Co. lowered Dropbox from an “overweight” rating to a “neutral” rating and cut their target price for the company from $33.00 to $30.00 in a report on Friday, February 16th. Finally, Citigroup decreased their price target on Dropbox from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.78.

Read Our Latest Stock Analysis on Dropbox

Dropbox Stock Up 1.5 %

Shares of NASDAQ:DBX opened at $23.17 on Thursday. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.59 and a beta of 0.70. The business has a 50 day moving average price of $23.55 and a 200 day moving average price of $26.77. Dropbox, Inc. has a twelve month low of $22.41 and a twelve month high of $33.43.

Dropbox (NASDAQ:DBXGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The company had revenue of $631.30 million during the quarter, compared to analyst estimates of $628.81 million. Dropbox had a negative return on equity of 148.13% and a net margin of 20.50%. Analysts anticipate that Dropbox, Inc. will post 1.26 EPS for the current year.

Dropbox Profile

(Free Report)

Dropbox, Inc provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries.

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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)

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