Dropbox, Inc. (NASDAQ:DBX) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in Dropbox, Inc. (NASDAQ:DBX - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,500 shares of the company's stock after acquiring an additional 120,300 shares during the period. Canada Pension Plan Investment Board owned about 0.31% of Dropbox worth $28,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DBX. EverSource Wealth Advisors LLC grew its position in shares of Dropbox by 96.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company's stock valued at $26,000 after buying an additional 424 shares during the last quarter. Avion Wealth increased its holdings in shares of Dropbox by 4,472.7% in the 4th quarter. Avion Wealth now owns 1,006 shares of the company's stock valued at $30,000 after acquiring an additional 984 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dropbox in the 4th quarter valued at $40,000. Allworth Financial LP grew its position in Dropbox by 33.5% during the 4th quarter. Allworth Financial LP now owns 1,456 shares of the company's stock worth $45,000 after purchasing an additional 365 shares during the last quarter. Finally, Huntington National Bank increased its stake in Dropbox by 768.9% in the fourth quarter. Huntington National Bank now owns 1,538 shares of the company's stock valued at $46,000 after purchasing an additional 1,361 shares during the period. Hedge funds and other institutional investors own 94.84% of the company's stock.

Insiders Place Their Bets

In related news, insider Eric Cox sold 3,765 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $26.30, for a total value of $99,019.50. Following the completion of the transaction, the insider now directly owns 309,550 shares in the company, valued at approximately $8,141,165. This represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $26.94, for a total transaction of $67,350.00. Following the completion of the transaction, the chief financial officer now owns 565,068 shares in the company, valued at approximately $15,222,931.92. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,765 shares of company stock valued at $393,695. Corporate insiders own 28.59% of the company's stock.

Dropbox Price Performance

Shares of NASDAQ DBX traded up $0.87 during trading on Thursday, hitting $28.36. 3,538,812 shares of the company were exchanged, compared to its average volume of 3,626,513. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.70 and a beta of 0.75. The firm's fifty day moving average price is $26.97 and its 200 day moving average price is $28.29. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.33.

Dropbox (NASDAQ:DBX - Get Free Report) last posted its earnings results 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 firm had revenue of $643.60 million during the quarter, compared to analyst estimates of $638.61 million. Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. On average, research analysts forecast that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group upped their price target on Dropbox from $27.00 to $30.00 and gave the stock a "hold" rating in a research note on Monday, January 6th.

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.