Robeco Institutional Asset Management B.V. Buys 134,503 Shares of Dropbox, Inc. (NASDAQ:DBX)

Robeco Institutional Asset Management B.V. boosted its stake in Dropbox, Inc. (NASDAQ:DBX - Free Report) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,355,762 shares of the company's stock after purchasing an additional 134,503 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.71% of Dropbox worth $59,907,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Dropbox by 74.9% during the first quarter. Commonwealth Equity Services LLC now owns 29,599 shares of the company's stock worth $719,000 after purchasing an additional 12,675 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Dropbox by 160.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 41,750 shares of the company's stock worth $1,014,000 after acquiring an additional 25,700 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in Dropbox in the 1st quarter valued at approximately $5,813,000. Texas Permanent School Fund Corp raised its stake in shares of Dropbox by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 224,208 shares of the company's stock valued at $5,448,000 after acquiring an additional 2,932 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Dropbox by 3.7% during the first quarter. LSV Asset Management now owns 3,427,430 shares of the company's stock worth $83,287,000 after purchasing an additional 121,700 shares during the period. Institutional investors and hedge funds own 94.84% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price objective on Dropbox from $30.00 to $28.00 and set a "buy" rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.67.

Insider Transactions at Dropbox

In related news, CFO Timothy Regan sold 3,177 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.00, for a total transaction of $79,425.00. Following the transaction, the chief financial officer now directly owns 481,747 shares of the company's stock, valued at approximately $12,043,675. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew Houston sold 66,064 shares of the company's stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $25.00, for a total value of $1,651,600.00. Following the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at $206,666,650. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy Regan sold 3,177 shares of Dropbox stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.00, for a total value of $79,425.00. Following the transaction, the chief financial officer now owns 481,747 shares of the company's stock, valued at $12,043,675. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 459,952 shares of company stock valued at $11,544,337 in the last 90 days. 26.40% of the stock is currently owned by corporate insiders.

Dropbox Stock Up 1.9 %

DBX traded up $0.49 during trading on Tuesday, reaching $26.72. 1,942,882 shares of the stock traded hands, compared to its average volume of 3,685,406. The stock's 50-day moving average is $25.16 and its 200 day moving average is $23.64. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.43. The stock has a market capitalization of $8.70 billion, a PE ratio of 15.50, a P/E/G ratio of 1.62 and a beta of 0.61.

Dropbox (NASDAQ:DBX - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.08. The company had revenue of $634.50 million for the quarter, compared to the consensus estimate of $630.10 million. Dropbox had a net margin of 23.06% and a negative return on equity of 161.78%. Dropbox's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. As a group, equities research analysts anticipate that Dropbox, Inc. will post 1.31 EPS for the current 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.