Landscape Capital Management L.L.C. Has $1.09 Million Stock Holdings in Dropbox, Inc. $DBX

Key Points

• Landscape Capital Management L.L.C. has increased its stake in Dropbox, Inc. by 28.3%, now owning 40,923 shares valued at approximately $1.09 million.
• Dropbox recently reported an EPS of $0.71, surpassing estimates, while its quarterly revenue was $625.7 million, slightly below the previous year's revenue.
• Hedge funds and institutional investors hold 94.84% of Dropbox's stock, with analysts giving the company a consensus rating of "Hold" and a target price of $30.33.

Landscape Capital Management L.L.C. raised its position in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 28.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,923 shares of the company's stock after purchasing an additional 9,020 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Dropbox were worth $1,093,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. LSV Asset Management boosted its stake in shares of Dropbox by 18.4% during the 1st quarter. LSV Asset Management now owns 7,633,516 shares of the company's stock worth $203,891,000 after acquiring an additional 1,187,395 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dropbox by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,950,273 shares of the company's stock worth $78,802,000 after acquiring an additional 36,268 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Dropbox by 38.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,482,705 shares of the company's stock worth $66,313,000 after acquiring an additional 684,882 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Dropbox by 2.9% in the first quarter. Northern Trust Corp now owns 2,215,796 shares of the company's stock valued at $59,184,000 after purchasing an additional 62,493 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in shares of Dropbox by 1,640.3% in the first quarter. Wedge Capital Management L L P NC now owns 2,141,026 shares of the company's stock valued at $57,187,000 after purchasing an additional 2,017,997 shares in the last quarter. 94.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Timothy Regan sold 2,500 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $27.95, for a total value of $69,875.00. Following the sale, the chief financial officer directly owned 482,121 shares of the company's stock, valued at approximately $13,475,281.95. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 5,666 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $27.30, for a total value of $154,681.80. Following the completion of the sale, the chief technology officer directly owned 563,872 shares in the company, valued at approximately $15,393,705.60. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 562,072 shares of company stock valued at $15,858,981 in the last quarter. Insiders own 28.59% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on DBX. UBS Group decreased their price objective on Dropbox from $31.00 to $29.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. 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 note on Friday, May 9th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.33.

Dropbox Trading Down 2.0%

Dropbox stock traded down $0.58 during mid-day trading on Tuesday, hitting $28.48. 2,964,231 shares of the company's stock were exchanged, compared to its average volume of 3,745,129. The stock has a market cap of $7.69 billion, a P/E ratio of 17.37, a P/E/G ratio of 3.84 and a beta of 0.69. The stock has a 50 day moving average of $27.70 and a two-hundred day moving average of $27.79. Dropbox, Inc. has a 1-year low of $22.72 and a 1-year high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The company had revenue of $625.70 million for the quarter, compared to the consensus estimate of $618.60 million. Dropbox had a negative return on equity of 61.31% and a net margin of 19.17%.The firm's revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. As a group, research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Dropbox 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.