Dropbox, Inc. (NASDAQ:DBX) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,646,502 shares of the company's stock after purchasing an additional 82,284 shares during the quarter. Dimensional Fund Advisors LP owned 0.85% of Dropbox worth $79,505,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Dropbox by 38.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company's stock worth $156,955,000 after buying an additional 1,440,887 shares during the last quarter. LSV Asset Management raised its stake in Dropbox by 24.0% during the fourth quarter. LSV Asset Management now owns 6,446,121 shares of the company's stock worth $193,641,000 after acquiring an additional 1,245,563 shares during the period. KLP Kapitalforvaltning AS bought a new position in Dropbox in the fourth quarter worth about $25,375,000. Norges Bank acquired a new position in Dropbox in the fourth quarter valued at approximately $20,482,000. Finally, Bridgewater Associates LP grew its holdings in shares of Dropbox by 39.7% during the fourth quarter. Bridgewater Associates LP now owns 981,914 shares of the company's stock valued at $29,497,000 after purchasing an additional 278,902 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company's stock.

Insider Transactions at Dropbox

In other Dropbox news, insider Eric Cox sold 3,765 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $26.30, for a total value of $99,019.50. Following the completion of the sale, the insider now directly owns 309,550 shares in the company, valued at $8,141,165. This represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $28.29, for a total value of $70,725.00. Following the transaction, the chief financial officer now directly owns 562,568 shares of the company's stock, valued at approximately $15,915,048.72. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,765 shares of company stock valued at $383,995. 28.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price target on Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a report on Monday, January 6th.

Dropbox Price Performance

Shares of DBX stock traded up $0.47 during trading hours on Monday, reaching $29.08. The stock had a trading volume of 895,898 shares, compared to its average volume of 3,622,208. The firm has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $28.45. The firm has a market capitalization of $8.77 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.33.

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