WINTON GROUP Ltd Buys Shares of 194,840 Dropbox, Inc. (NASDAQ:DBX)

WINTON GROUP Ltd purchased a new stake in shares of Dropbox, Inc. (NASDAQ:DBX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 194,840 shares of the company's stock, valued at approximately $5,853,000. WINTON GROUP Ltd owned 0.06% of Dropbox at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Natixis Advisors LLC purchased a new position in shares of Dropbox in the 3rd quarter valued at $270,000. Thrivent Financial for Lutherans increased its holdings in Dropbox by 12.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 65,771 shares of the company's stock valued at $1,672,000 after purchasing an additional 7,385 shares in the last quarter. Advisors Asset Management Inc. raised its position in Dropbox by 12.0% in the third quarter. Advisors Asset Management Inc. now owns 27,593 shares of the company's stock valued at $702,000 after purchasing an additional 2,960 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Dropbox by 8.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company's stock worth $71,108,000 after purchasing an additional 228,685 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Dropbox by 21.2% in the third quarter. Cerity Partners LLC now owns 96,537 shares of the company's stock worth $2,455,000 after buying an additional 16,917 shares during the period. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

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Dropbox Price Performance

Dropbox stock traded down $0.27 during midday trading on Monday, hitting $26.29. 930,233 shares of the stock were exchanged, compared to its average volume of 3,539,115. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.33. The firm has a market cap of $7.93 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.70 and a beta of 0.77. The company has a 50 day moving average price of $29.03 and a two-hundred day moving average price of $28.09.

Dropbox (NASDAQ:DBX - Get Free Report) last released its quarterly 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). The business had revenue of $643.60 million during the quarter, compared to analyst estimates of $638.61 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. As a group, analysts predict that Dropbox, Inc. will post 1.64 EPS for the current year.

Insider Transactions at Dropbox

In other news, insider Eric Cox sold 3,765 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 309,550 shares in the company, valued at approximately $8,141,165. The trade was a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.37, for a total value of $75,925.00. Following the transaction, the chief financial officer now owns 401,264 shares in the company, valued at $12,186,387.68. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 632,004 shares of company stock valued at $18,859,580. Insiders own 28.59% of the company's stock.

Wall Street Analyst Weigh In

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

Dropbox Company 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.