Robeco Institutional Asset Management B.V. Boosts Holdings in Dropbox, Inc. $DBX

Robeco Institutional Asset Management B.V. raised its stake in shares of Dropbox, Inc. (NASDAQ:DBX) by 2.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,055,276 shares of the company’s stock after buying an additional 52,218 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.76% of Dropbox worth $62,090,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in Dropbox during the second quarter worth about $30,000. Geneos Wealth Management Inc. boosted its position in Dropbox by 78.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,273 shares of the company’s stock worth $36,000 after purchasing an additional 558 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Dropbox during the 2nd quarter worth approximately $41,000. SJS Investment Consulting Inc. grew its stake in shares of Dropbox by 6,319.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,348 shares of the company’s stock worth $41,000 after purchasing an additional 1,327 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Dropbox by 88.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,681 shares of the company’s stock valued at $48,000 after purchasing an additional 787 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dropbox Stock Performance

Shares of DBX stock opened at $26.99 on Wednesday. Dropbox, Inc. has a fifty-two week low of $24.42 and a fifty-two week high of $33.33. The stock’s fifty day moving average is $28.94 and its two-hundred day moving average is $28.79. The firm has a market capitalization of $6.98 billion, a P/E ratio of 15.25, a PEG ratio of 2.20 and a beta of 0.62.

Dropbox (NASDAQ:DBX) last issued its earnings results on Thursday, November 6th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. The business had revenue of $634.40 million during the quarter, compared to analysts’ expectations of $623.59 million. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, equities analysts forecast that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling at Dropbox

In related news, insider William T. Yoon sold 7,142 shares of Dropbox stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $29.19, for a total transaction of $208,474.98. Following the transaction, the insider owned 206,228 shares in the company, valued at approximately $6,019,795.32. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ashraf Alkarmi sold 10,098 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $29.18, for a total value of $294,659.64. Following the transaction, the insider directly owned 435,810 shares in the company, valued at $12,716,935.80. This trade represents a 2.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 348,018 shares of company stock valued at $10,093,774. Company insiders own 28.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday, October 8th. Wall Street Zen upgraded Dropbox from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada lowered their price target on Dropbox from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, UBS Group lowered Dropbox from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $29.00 to $27.00 in a report on Thursday, September 18th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.33.

Dropbox Company Profile

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.