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

Dimensional Fund Advisors LP grew its stake in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,646,502 shares of the company's stock after acquiring an additional 82,284 shares during the period. Dimensional Fund Advisors LP owned about 0.85% of Dropbox worth $79,505,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DBX. Bessemer Group Inc. raised its position in Dropbox by 0.3% during the fourth quarter. Bessemer Group Inc. now owns 126,321 shares of the company's stock worth $3,794,000 after acquiring an additional 333 shares during the last quarter. Allworth Financial LP lifted its stake in Dropbox by 33.5% in the 4th quarter. Allworth Financial LP now owns 1,456 shares of the company's stock valued at $45,000 after buying an additional 365 shares in the last quarter. Heron Bay Capital Management lifted its stake in Dropbox by 2.3% in the 4th quarter. Heron Bay Capital Management now owns 16,769 shares of the company's stock valued at $504,000 after buying an additional 378 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Dropbox by 96.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company's stock valued at $26,000 after buying an additional 424 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in Dropbox by 4.8% during the fourth quarter. Aaron Wealth Advisors LLC now owns 10,151 shares of the company's stock worth $305,000 after buying an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dropbox Stock Performance

Shares of DBX opened at $28.67 on Wednesday. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.70 and a beta of 0.75. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.33. The company's 50 day simple moving average is $26.63 and its 200 day simple moving average is $28.38.

Dropbox (NASDAQ:DBX - Get Free Report) last posted 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). The business had revenue of $643.60 million for the quarter, compared to analyst estimates of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. Equities analysts expect that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Eric Cox sold 3,765 shares of Dropbox stock in a transaction 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 transaction, the insider now owns 309,550 shares in the company, valued at approximately $8,141,165. This trade represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $26.94, for a total value of $67,350.00. Following the sale, the chief financial officer now owns 565,068 shares of the company's stock, valued at $15,222,931.92. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,765 shares of company stock valued at $393,695. Insiders own 28.59% of the company's stock.

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.

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