XTX Topco Ltd Makes New $1.02 Million Investment in Dropbox, Inc. (NASDAQ:DBX)

XTX Topco Ltd bought a new position in shares of Dropbox, Inc. (NASDAQ:DBX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 45,265 shares of the company’s stock, valued at approximately $1,017,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in Dropbox by 4.5% during the 2nd quarter. Hsbc Holdings PLC now owns 240,185 shares of the company’s stock worth $5,348,000 after purchasing an additional 10,385 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Dropbox by 38.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,841 shares of the company’s stock worth $648,000 after purchasing an additional 7,943 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Dropbox by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,314,233 shares of the company’s stock worth $231,761,000 after purchasing an additional 506,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Dropbox by 63.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,536,412 shares of the company’s stock worth $56,994,000 after purchasing an additional 986,942 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Dropbox by 1.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 492,879 shares of the company’s stock worth $11,075,000 after purchasing an additional 7,111 shares during the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Dropbox Trading Up 0.9 %

Shares of DBX stock opened at $24.70 on Friday. The company’s 50-day moving average price is $23.58 and its 200-day moving average price is $23.23. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.51 and a beta of 0.61. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.43.

Dropbox (NASDAQ:DBX) last posted its earnings results on Thursday, August 8th. The company reported $0.60 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 analysts’ expectations of $630.10 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Dropbox’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that Dropbox, Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

DBX has been the topic of several recent research reports. UBS Group lowered their target price on shares of Dropbox from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Citigroup lowered their price target on shares of Dropbox from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.67.

Insider Buying and Selling at Dropbox

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $24.35, for a total value of $60,875.00. Following the transaction, the chief financial officer now owns 485,724 shares of the company’s stock, valued at $11,827,379.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $24.35, for a total value of $60,875.00. Following the transaction, the chief financial officer now owns 485,724 shares of the company’s stock, valued at $11,827,379.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bart Volkmer sold 7,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $22.76, for a total transaction of $159,320.00. Following the sale, the insider now owns 333,934 shares in the company, valued at $7,600,337.84. The disclosure for this sale can be found here. Insiders have sold 107,900 shares of company stock valued at $2,425,565 over the last 90 days. 26.40% of the stock is owned by insiders.

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.