Gotham Asset Management LLC raised its holdings in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 265,927 shares of the company's stock after acquiring an additional 12,814 shares during the period. Gotham Asset Management LLC owned approximately 0.09% of Dropbox worth $7,988,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Wealth bought a new stake in shares of Dropbox in the 4th quarter valued at $219,000. D. E. Shaw & Co. Inc. bought a new stake in shares of Dropbox in the 4th quarter valued at $9,189,000. BOKF NA bought a new stake in shares of Dropbox in the 4th quarter valued at $550,000. Captrust Financial Advisors increased its position in shares of Dropbox by 7.1% in the 4th quarter. Captrust Financial Advisors now owns 80,124 shares of the company's stock valued at $2,407,000 after buying an additional 5,300 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in shares of Dropbox in the 4th quarter valued at $1,886,000. Institutional investors own 94.84% of the company's stock.
Insider Transactions at Dropbox
In other news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $28.29, for a total transaction of $70,725.00. Following the completion of the transaction, the chief financial officer now directly owns 562,568 shares in the company, valued at $15,915,048.72. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric Cox sold 3,765 shares of the 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 transaction, the insider now owns 309,550 shares of the company's stock, valued at approximately $8,141,165. This represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,265 shares of company stock worth $303,520 in the last three months. Insiders own 29.95% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DBX. Citigroup upped their price objective on shares of Dropbox from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. UBS Group upped their target price on shares of Dropbox from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, May 9th.
Check Out Our Latest Report on Dropbox
Dropbox Stock Performance
NASDAQ DBX traded down $0.55 on Friday, reaching $28.91. The company had a trading volume of 6,112,663 shares, compared to its average volume of 3,611,552. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a 1-year low of $20.68 and a 1-year high of $33.33. The company's fifty day moving average is $27.43 and its 200-day moving average is $28.68.
Dropbox (NASDAQ:DBX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. The firm had revenue of $624.70 million during the quarter, compared to analyst estimates of $619.56 million. Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 EPS. On average, research analysts forecast that Dropbox, Inc. will post 1.64 earnings per share for the current year.
Dropbox Company Profile
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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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