Dropbox, Inc. (NASDAQ:DBX) Holdings Raised by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. grew its stake in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 1,545.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,822 shares of the company's stock after buying an additional 12,982 shares during the period. Atlas Capital Advisors Inc.'s holdings in Dropbox were worth $415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama raised its holdings in Dropbox by 15.2% in the 3rd quarter. Retirement Systems of Alabama now owns 944,033 shares of the company's stock valued at $24,007,000 after acquiring an additional 124,528 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Dropbox during the fourth quarter worth about $3,205,000. Sanctuary Advisors LLC acquired a new stake in Dropbox in the 3rd quarter worth about $268,000. Empowered Funds LLC boosted its stake in Dropbox by 68.0% in the 4th quarter. Empowered Funds LLC now owns 36,140 shares of the company's stock worth $1,086,000 after buying an additional 14,629 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in Dropbox by 478.3% in the 3rd quarter. Holocene Advisors LP now owns 92,160 shares of the company's stock valued at $2,344,000 after buying an additional 76,225 shares during the period. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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Insiders Place Their Bets

In related news, CFO Timothy Regan sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $30.37, for a total value of $75,925.00. Following the sale, the chief financial officer now directly owns 401,264 shares in the company, valued at $12,186,387.68. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric Cox sold 3,765 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $26.30, for a total value 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. In the last three months, insiders have sold 94,264 shares of company stock worth $2,895,324. 28.59% of the stock is owned by corporate insiders.

Dropbox Trading Down 4.6 %

Dropbox stock traded down $1.27 during mid-day trading on Thursday, reaching $26.50. The company's stock had a trading volume of 1,393,024 shares, compared to its average volume of 3,594,853. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.70 and a beta of 0.75. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.33. The business has a 50 day moving average price of $28.00 and a 200-day moving average price of $28.18.

Dropbox (NASDAQ:DBX - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.11). Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $638.61 million. On average, equities analysts expect 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.