Caisse DE Depot ET Placement DU Quebec Increases Holdings in Dropbox, Inc. (NASDAQ:DBX)

Caisse DE Depot ET Placement DU Quebec raised its position in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 291.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,797,823 shares of the company's stock after purchasing an additional 1,338,234 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.58% of Dropbox worth $54,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DBX. EverSource Wealth Advisors LLC grew its stake in Dropbox by 96.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company's stock valued at $26,000 after purchasing an additional 424 shares during the last quarter. Avion Wealth lifted its position in Dropbox by 4,472.7% during the fourth quarter. Avion Wealth now owns 1,006 shares of the company's stock valued at $30,000 after acquiring an additional 984 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Dropbox in the fourth quarter worth $40,000. Allworth Financial LP lifted its holdings in shares of Dropbox by 33.5% during the 4th quarter. Allworth Financial LP now owns 1,456 shares of the company's stock valued at $45,000 after purchasing an additional 365 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Dropbox by 768.9% in the 4th quarter. Huntington National Bank now owns 1,538 shares of the company's stock worth $46,000 after purchasing an additional 1,361 shares in the last quarter. Institutional investors own 94.84% of the company's stock.

Insider Buying and Selling at Dropbox

In other news, insider Eric Cox sold 3,765 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.30, for a total transaction of $99,019.50. Following the sale, the insider now directly owns 309,550 shares in the company, valued at $8,141,165. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $26.57, for a total value of $66,425.00. Following the transaction, the chief financial officer now owns 367,791 shares in the company, valued at $9,772,206.87. This represents a 0.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,765 shares of company stock worth $383,995. Insiders own 28.59% of the company's stock.

Dropbox Trading Up 1.5 %

Shares of DBX stock traded up $0.45 during trading hours on Wednesday, reaching $29.26. 1,046,194 shares of the company's stock were exchanged, compared to its average volume of 3,621,105. The stock has a market cap of $8.83 billion, a PE ratio of 20.74, a PEG ratio of 1.70 and a beta of 0.68. The stock's fifty day moving average price is $26.87 and its two-hundred day moving average price is $28.47. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.11). Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. The firm had revenue of $643.60 million for the quarter, compared to analysts' expectations of $638.61 million. On average, equities analysts expect that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

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.