Robeco Institutional Asset Management B.V. Has $59.91 Million Stock Holdings in Dropbox, Inc. (NASDAQ:DBX)

Robeco Institutional Asset Management B.V. grew its position in Dropbox, Inc. (NASDAQ:DBX) by 6.1% during the 3rd quarter, Holdings Channel reports. The firm owned 2,355,762 shares of the company’s stock after purchasing an additional 134,503 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Dropbox were worth $59,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DBX. Commonwealth Equity Services LLC boosted its stake in shares of Dropbox by 74.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 29,599 shares of the company’s stock valued at $719,000 after purchasing an additional 12,675 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Dropbox by 160.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 41,750 shares of the company’s stock worth $1,014,000 after buying an additional 25,700 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Dropbox during the 1st quarter worth about $5,813,000. Texas Permanent School Fund Corp lifted its position in Dropbox by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 224,208 shares of the company’s stock worth $5,448,000 after buying an additional 2,932 shares in the last quarter. Finally, LSV Asset Management lifted its position in Dropbox by 3.7% during the 1st quarter. LSV Asset Management now owns 3,427,430 shares of the company’s stock worth $83,287,000 after buying an additional 121,700 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Insider Activity

In other news, CEO Andrew Houston sold 3,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.00, for a total value of $87,325.00. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at $206,666,650. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Andrew Houston sold 3,493 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.00, for a total value of $87,325.00. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at $206,666,650. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $25.71, for a total value of $64,275.00. Following the completion of the sale, the chief financial officer now directly owns 464,247 shares of the company’s stock, valued at approximately $11,935,790.37. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 459,952 shares of company stock valued at $11,544,337 in the last ninety days. 26.40% of the stock is owned by insiders.

Dropbox Trading Up 1.0 %

Dropbox stock opened at $26.23 on Tuesday. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.43. The company has a market cap of $8.54 billion, a PE ratio of 15.25, a PEG ratio of 1.61 and a beta of 0.61. The company’s 50-day moving average is $25.16 and its two-hundred day moving average is $23.64.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, August 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Dropbox had a net margin of 23.06% and a negative return on equity of 161.78%. The company had revenue of $634.50 million for the quarter, compared to the consensus estimate of $630.10 million. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Research analysts forecast that Dropbox, Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their price target on shares of Dropbox from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.67.

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.