Universal Beteiligungs und Servicegesellschaft mbH Makes New $6.40 Million Investment in Dropbox, Inc. (NASDAQ:DBX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 239,632 shares of Dropbox, Inc., representing approximately $6,401,000 and about 0.08% of the company's total shares.
• Several hedge funds have significantly increased their stakes in Dropbox, including Wedge Capital Management L L P, which raised its position by 1,640.3% to own over 2 million shares valued at approximately $57 million.
• Dropbox's stock currently has a market cap of $7.82 billion, with a recent opening price of $27.77, reflecting a yearly low of $21.32 and a high of $33.33.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dropbox, Inc. (NASDAQ:DBX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 239,632 shares of the company's stock, valued at approximately $6,401,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Dropbox at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Dropbox during the fourth quarter worth $2,511,000. Commonwealth Equity Services LLC acquired a new position in Dropbox during the fourth quarter worth about $201,000. LPL Financial LLC grew its stake in Dropbox by 31.2% during the 4th quarter. LPL Financial LLC now owns 24,506 shares of the company's stock valued at $736,000 after acquiring an additional 5,823 shares in the last quarter. Prudential Financial Inc. raised its holdings in Dropbox by 53.9% in the 4th quarter. Prudential Financial Inc. now owns 99,984 shares of the company's stock valued at $3,004,000 after acquiring an additional 35,036 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co purchased a new position in Dropbox in the 4th quarter worth approximately $403,000. 94.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dropbox Stock Up 1.2%

NASDAQ:DBX traded up $0.33 on Monday, reaching $28.10. 1,944,276 shares of the company's stock were exchanged, compared to its average volume of 3,788,889. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 10.92 and a beta of 0.65. Dropbox, Inc. has a 52-week low of $21.32 and a 52-week high of $33.33. The business has a fifty day moving average of $28.22 and a 200-day moving average of $28.48.

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 the consensus estimate of $0.62 by $0.08. The firm had revenue of $624.70 million for the quarter, compared to the consensus estimate of $619.56 million. Dropbox had a net margin of 18.50% and a negative return on equity of 79.66%. During the same period in the prior year, the firm earned $0.58 EPS. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Insider Transactions at Dropbox

In other Dropbox news, insider William T. Yoon sold 5,449 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $28.94, for a total value of $157,694.06. Following the sale, the insider directly owned 245,837 shares of the company's stock, valued at approximately $7,114,522.78. This represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Karen Peacock sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $28.53, for a total transaction of $199,710.00. Following the sale, the director owned 25,295 shares of the company's stock, valued at $721,666.35. This represents a 21.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 466,125 shares of company stock valued at $13,222,130 in the last 90 days. Insiders own 29.95% of the company's stock.

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.