SBI Securities Co. Ltd. Acquires Shares of 1,345 Dropbox, Inc. (NASDAQ:DBX)

SBI Securities Co. Ltd. bought a new position in Dropbox, Inc. (NASDAQ:DBX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,345 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Dropbox during the 3rd quarter worth $28,000. Avion Wealth grew its holdings in Dropbox by 4,472.7% during the fourth quarter. Avion Wealth now owns 1,006 shares of the company’s stock worth $30,000 after acquiring an additional 984 shares during the period. Allworth Financial LP grew its holdings in Dropbox by 33.5% during the fourth quarter. Allworth Financial LP now owns 1,456 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares during the period. V Square Quantitative Management LLC grew its holdings in Dropbox by 39.0% in the fourth quarter. V Square Quantitative Management LLC now owns 1,717 shares of the company’s stock valued at $52,000 after purchasing an additional 482 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Dropbox by 35.6% in the fourth quarter. Fifth Third Bancorp now owns 1,798 shares of the company’s stock valued at $54,000 after purchasing an additional 472 shares during the period. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Dropbox Trading Down 1.3 %

Shares of NASDAQ DBX opened at $25.28 on Wednesday. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.33. The stock has a fifty day simple moving average of $29.97 and a 200-day simple moving average of $27.89. The stock has a market capitalization of $7.63 billion, a PE ratio of 17.93, a PEG ratio of 1.70 and a beta of 0.77.

Dropbox (NASDAQ:DBX) last issued its quarterly earnings data 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 net margin of 17.75% and a negative return on equity of 132.63%. The firm had revenue of $643.60 million during the quarter, compared to analyst estimates of $638.61 million. On average, equities analysts predict that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

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

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.