Aster Capital Management DIFC Ltd lifted its holdings in Dropbox, Inc. (NASDAQ:DBX - Free Report) by 783.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,084 shares of the company's stock after purchasing an additional 11,603 shares during the period. Aster Capital Management DIFC Ltd's holdings in Dropbox were worth $393,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its position in Dropbox by 5.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,410,194 shares of the company's stock valued at $72,526,000 after purchasing an additional 114,646 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Dropbox by 31.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 39,526 shares of the company's stock valued at $1,187,000 after acquiring an additional 9,570 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Dropbox in the fourth quarter worth approximately $411,000. Atlas Capital Advisors Inc. grew its holdings in Dropbox by 1,545.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 13,822 shares of the company's stock worth $415,000 after acquiring an additional 12,982 shares in the last quarter. Finally, Bryce Point Capital LLC purchased a new stake in shares of Dropbox in the 4th quarter valued at approximately $922,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Jefferies Financial Group lifted their price objective on shares of Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research report on Monday, January 6th.
View Our Latest Stock Report on Dropbox
Dropbox Price Performance
DBX stock remained flat at $27.08 during trading on Friday. The company had a trading volume of 4,029,025 shares, compared to its average volume of 3,613,920. The firm's 50-day moving average price is $27.80 and its 200-day moving average price is $28.21. The firm has a market capitalization of $8.17 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.70 and a beta of 0.75. Dropbox, Inc. has a 12-month low of $20.68 and a 12-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 for the quarter, missing the consensus estimate of $0.62 by ($0.11). The company had revenue of $643.60 million for the quarter, compared to analysts' expectations of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. On average, equities research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current year.
Insiders Place Their Bets
In other Dropbox news, CEO Andrew Houston sold 80,499 shares of Dropbox stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $30.97, for a total value of $2,493,054.03. Following the transaction, the chief executive officer now directly owns 8,266,666 shares in the company, valued at approximately $256,018,646.02. The trade was a 0.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric Cox sold 3,765 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.30, for a total transaction of $99,019.50. Following the sale, the insider now owns 309,550 shares of the company's stock, valued at $8,141,165. This trade represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,264 shares of company stock valued at $2,895,324. 28.59% of the stock is currently owned by insiders.
Dropbox Profile
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Free Report)
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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