Brandywine Global Investment Management LLC Lowers Stake in Dropbox, Inc. $DBX

Brandywine Global Investment Management LLC lessened its holdings in Dropbox, Inc. (NASDAQ:DBX) by 1.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,441 shares of the company’s stock after selling 2,478 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Dropbox were worth $3,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of Dropbox in the 2nd quarter worth approximately $1,404,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Dropbox by 11.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 48,224 shares of the company’s stock worth $1,350,000 after acquiring an additional 5,136 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Dropbox by 22.3% in the second quarter. Farther Finance Advisors LLC now owns 9,012 shares of the company’s stock worth $258,000 after acquiring an additional 1,641 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Dropbox by 1.9% during the first quarter. Acadian Asset Management LLC now owns 8,544,978 shares of the company’s stock valued at $228,202,000 after acquiring an additional 157,148 shares in the last quarter. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Dropbox in the 1st quarter worth about $2,027,000. Institutional investors own 94.84% of the company’s stock.

Insider Transactions at Dropbox

In related news, insider William T. Yoon sold 11,430 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.16, for a total transaction of $344,728.80. Following the completion of the sale, the insider owned 223,662 shares in the company, valued at approximately $6,745,645.92. This represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashraf Alkarmi sold 10,098 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $29.18, for a total value of $294,659.64. Following the completion of the transaction, the insider directly owned 435,810 shares in the company, valued at $12,716,935.80. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 336,105 shares of company stock valued at $10,037,090 over the last 90 days. 28.59% of the stock is owned by corporate insiders.

Dropbox Stock Up 2.8%

Shares of NASDAQ DBX opened at $29.66 on Monday. The firm’s 50-day moving average price is $29.81 and its 200-day moving average price is $28.87. Dropbox, Inc. has a 52-week low of $24.42 and a 52-week high of $33.33. The company has a market cap of $7.67 billion, a PE ratio of 16.76, a PEG ratio of 2.54 and a beta of 0.66.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The company had revenue of $634.40 million for the quarter, compared to the consensus estimate of $623.59 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on DBX. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Royal Bank Of Canada increased their price target on shares of Dropbox from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, November 7th. UBS Group downgraded shares of Dropbox from a “neutral” rating to a “sell” rating and reduced their price target for the company from $29.00 to $27.00 in a research report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.75.

Dropbox Company Profile

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.