9,446 Shares in Dropbox, Inc. (NASDAQ:DBX) Acquired by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new position in shares of Dropbox, Inc. (NASDAQ:DBX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,446 shares of the company’s stock, valued at approximately $284,000.

Several other large investors have also added to or reduced their stakes in DBX. Natixis Advisors LLC purchased a new position in Dropbox in the 3rd quarter worth approximately $270,000. Thrivent Financial for Lutherans lifted its holdings in shares of Dropbox by 12.6% in the third quarter. Thrivent Financial for Lutherans now owns 65,771 shares of the company’s stock worth $1,672,000 after buying an additional 7,385 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 228,685 shares during the last quarter. Cerity Partners LLC grew its stake in Dropbox by 21.2% during the third quarter. Cerity Partners LLC now owns 96,537 shares of the company’s stock valued at $2,455,000 after acquiring an additional 16,917 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Dropbox by 8.6% in the 3rd quarter. Fisher Asset Management LLC now owns 155,131 shares of the company’s stock valued at $3,945,000 after acquiring an additional 12,248 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Dropbox Stock Up 0.4 %

DBX stock opened at $26.93 on Friday. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.70 and a beta of 0.77. The business’s fifty day simple moving average is $29.11 and its two-hundred day simple moving average is $28.01. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.33.

Dropbox (NASDAQ:DBX) last posted its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The company had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $638.61 million. Research analysts expect that Dropbox, Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Dropbox

In other Dropbox news, insider Eric Cox sold 3,765 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.30, for a total transaction of $99,019.50. Following the sale, the insider now owns 309,550 shares of the company’s stock, valued at approximately $8,141,165. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00. Following the completion of the transaction, the chief financial officer now directly owns 396,264 shares of the company’s stock, valued at approximately $12,755,738.16. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 634,504 shares of company stock valued at $18,935,530 over the last 90 days. Insiders own 28.59% of the company’s stock.

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.