Robeco Institutional Asset Management B.V. Has $57.40 Million Position in Dropbox, Inc. (NASDAQ:DBX)

Robeco Institutional Asset Management B.V. lessened its holdings in Dropbox, Inc. (NASDAQ:DBX - Free Report) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,148,832 shares of the company's stock after selling 21,574 shares during the period. Robeco Institutional Asset Management B.V. owned 0.71% of Dropbox worth $57,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC lifted its stake in shares of Dropbox by 1,640.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 2,141,026 shares of the company's stock worth $57,187,000 after buying an additional 2,017,997 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Dropbox by 38.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company's stock valued at $156,955,000 after acquiring an additional 1,440,887 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in Dropbox by 291.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,797,823 shares of the company's stock valued at $54,007,000 after acquiring an additional 1,338,234 shares during the period. LSV Asset Management lifted its position 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 last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Dropbox in the fourth quarter valued at approximately $25,375,000. Institutional investors and hedge funds own 94.84% of the company's stock.

Insider Buying and Selling

In related news, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $26.94, for a total value of $67,350.00. Following the transaction, the chief financial officer now directly owns 565,068 shares of the company's stock, valued at $15,222,931.92. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ashraf Alkarmi sold 10,098 shares of Dropbox stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.10, for a total value of $283,753.80. Following the completion of the transaction, the insider now owns 492,856 shares in the company, valued at approximately $13,849,253.60. The trade was a 2.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 361,625 shares of company stock worth $10,299,685. Company insiders own 29.95% of the company's stock.

Dropbox Stock Down 1.9%

Shares of NASDAQ:DBX opened at $27.99 on Friday. Dropbox, Inc. has a 12-month low of $21.32 and a 12-month high of $33.33. The company's 50 day moving average price is $28.70 and its two-hundred day moving average price is $28.87. The firm has a market cap of $7.88 billion, a PE ratio of 18.29 and a beta of 0.66.

Dropbox (NASDAQ:DBX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. The firm had revenue of $624.70 million for the quarter, compared to analyst estimates of $619.56 million. Dropbox had a negative return on equity of 79.66% and a net margin of 18.50%. The company's revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. On average, research analysts expect that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

DBX has been the subject of several research reports. Citigroup lifted their price target on Dropbox from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. UBS Group lifted their target price on Dropbox from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, May 9th.

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.

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