Robeco Institutional Asset Management B.V. Cuts Stake in Dropbox, Inc. (NASDAQ:DBX)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,170,406 shares of the company's stock after selling 185,356 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.70% of Dropbox worth $65,199,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC bought a new stake in shares of Dropbox in the 2nd quarter worth approximately $1,597,000. Quarry LP raised its stake in shares of Dropbox by 81.1% in the second quarter. Quarry LP now owns 1,965 shares of the company's stock valued at $44,000 after buying an additional 880 shares during the period. Paragon Capital Management Inc. lifted its position in shares of Dropbox by 6.5% during the 2nd quarter. Paragon Capital Management Inc. now owns 64,380 shares of the company's stock valued at $1,447,000 after buying an additional 3,921 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Dropbox by 133.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,888 shares of the company's stock worth $73,000 after acquiring an additional 1,650 shares during the period. Finally, CWM LLC increased its holdings in Dropbox by 39.3% in the 3rd quarter. CWM LLC now owns 68,576 shares of the company's stock worth $1,744,000 after acquiring an additional 19,353 shares during the last quarter. Institutional investors own 94.84% of the company's stock.

Insider Transactions at Dropbox

In related news, CEO Andrew Houston sold 80,499 shares of the company's stock in a transaction that occurred 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. This represents a 0.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Cox sold 2,330 shares of Dropbox stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.41, for a total transaction of $61,535.30. Following the sale, the insider now owns 321,871 shares of the company's stock, valued at approximately $8,500,613.11. The trade was a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 900,068 shares of company stock valued at $26,648,755. 26.40% of the stock is currently owned by company insiders.

Dropbox Stock Performance

NASDAQ DBX traded down $0.05 during trading hours on Thursday, hitting $32.35. The company had a trading volume of 1,058,364 shares, compared to its average volume of 2,558,905. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.58 and a beta of 0.61. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43. The firm has a 50 day simple moving average of $29.87 and a 200 day simple moving average of $26.55.

Dropbox (NASDAQ:DBX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.16). The firm had revenue of $638.80 million during the quarter, compared to the consensus estimate of $636.93 million. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. During the same quarter last year, the business posted $0.35 earnings per share. On average, research analysts forecast that Dropbox, Inc. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased their target price 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.50.

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.