Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Dropbox, Inc. $DBX

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 109.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 361,611 shares of the company’s stock after purchasing an additional 188,826 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Dropbox were worth $10,924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DBX. LSV Asset Management lifted its stake in shares of Dropbox by 10.2% in the second quarter. LSV Asset Management now owns 8,408,502 shares of the company’s stock worth $240,483,000 after buying an additional 774,986 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Dropbox by 10.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,662,161 shares of the company’s stock worth $190,538,000 after acquiring an additional 605,258 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Dropbox by 2.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 2,287,185 shares of the company’s stock worth $69,096,000 after acquiring an additional 59,625 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Dropbox by 14.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,123,102 shares of the company’s stock valued at $60,443,000 after acquiring an additional 268,442 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Dropbox by 2.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,055,276 shares of the company’s stock valued at $62,090,000 after purchasing an additional 52,218 shares during the last quarter. 94.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dropbox

In other Dropbox news, CTO Ali Dasdan sold 5,666 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $30.00, for a total value of $169,980.00. Following the transaction, the chief technology officer directly owned 520,474 shares in the company, valued at approximately $15,614,220. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sarah Elizabeth Schubach sold 1,168 shares of Dropbox stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $26.84, for a total transaction of $31,349.12. Following the transaction, the chief accounting officer owned 92,702 shares in the company, valued at $2,488,121.68. This represents a 1.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 406,620 shares of company stock valued at $11,703,370 in the last ninety days. Corporate insiders own 29.95% of the company’s stock.

Dropbox Stock Performance

Dropbox stock opened at $26.30 on Friday. Dropbox, Inc. has a one year low of $24.42 and a one year high of $33.33. The stock has a fifty day moving average of $28.13 and a 200 day moving average of $28.65. The stock has a market cap of $6.80 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.15 and a beta of 0.62.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The business had revenue of $634.40 million during the quarter, compared to the consensus estimate of $623.59 million. During the same period in the previous year, the company posted $0.60 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Dropbox in a research note on Wednesday. Royal Bank Of Canada reduced their price objective on Dropbox from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Wall Street Zen cut shares of Dropbox from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average 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.