Dropbox, Inc. (NASDAQ:DBX) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in Dropbox, Inc. (NASDAQ:DBX) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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.’s holdings in Dropbox were worth $65,199,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DBX. QRG Capital Management Inc. lifted its position in Dropbox by 10.6% in the third quarter. QRG Capital Management Inc. now owns 221,716 shares of the company’s stock valued at $5,638,000 after buying an additional 21,190 shares during the last quarter. Aigen Investment Management LP acquired a new position in Dropbox during the 3rd quarter worth $482,000. Retirement Systems of Alabama increased its stake in shares of Dropbox by 15.2% during the third quarter. Retirement Systems of Alabama now owns 944,033 shares of the company’s stock worth $24,007,000 after buying an additional 124,528 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Dropbox by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company’s stock valued at $71,108,000 after purchasing an additional 228,685 shares during the last quarter. Finally, IVY Lane Capital Management LLC purchased a new position in Dropbox in the third quarter valued at $3,179,000. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Dropbox Stock Down 0.9 %

Shares of DBX stock opened at $32.40 on Thursday. Dropbox, Inc. has a 52-week low of $20.68 and a 52-week high of $33.43. The stock’s 50-day moving average price is $29.87 and its 200 day moving average price is $26.55. The stock has a market capitalization of $10.04 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.58 and a beta of 0.61.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.16). Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. The business had revenue of $638.80 million during the quarter, compared to analyst estimates of $636.93 million. During the same period in the prior year, the business earned $0.35 earnings per share. Analysts expect that Dropbox, Inc. will post 1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew Houston sold 80,499 shares of the firm’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 transaction of $2,493,054.03. Following the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $256,018,646.02. This trade represents a 0.96 % decrease in their ownership of the stock. 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 company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $30.38, for a total value of $75,950.00. Following the completion of the transaction, the chief financial officer now owns 413,764 shares of the company’s stock, valued at $12,570,150.32. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 900,068 shares of company stock worth $26,648,755. 26.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group upped their price target on Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.50.

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.