Dropbox, Inc. (NASDAQ:DBX) Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Dropbox, Inc. (NASDAQ:DBX) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,355,762 shares of the company’s stock after buying an additional 134,503 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.71% of Dropbox worth $59,907,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Dropbox by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,379,532 shares of the company’s stock valued at $665,323,000 after buying an additional 105,250 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Dropbox by 5.2% in the second quarter. Renaissance Technologies LLC now owns 10,314,233 shares of the company’s stock valued at $231,761,000 after buying an additional 506,200 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Dropbox by 63.0% in the second quarter. Pacer Advisors Inc. now owns 7,455,407 shares of the company’s stock valued at $167,523,000 after buying an additional 2,881,981 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Dropbox by 0.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,670,151 shares of the company’s stock valued at $113,485,000 after buying an additional 32,600 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of Dropbox by 9.2% in the second quarter. LSV Asset Management now owns 3,742,292 shares of the company’s stock valued at $84,089,000 after buying an additional 314,862 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Dropbox Stock Performance

DBX stock opened at $26.23 on Tuesday. The stock has a market cap of $8.54 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.61 and a beta of 0.61. The firm has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $23.64. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43.

Dropbox (NASDAQ:DBX) last posted 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. The firm had revenue of $634.50 million during the quarter, compared to analysts’ expectations of $630.10 million. Dropbox had a net margin of 23.06% and a negative return on equity of 161.78%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Sell-side analysts predict that Dropbox, Inc. will post 1.31 EPS for the current year.

Insider Buying and Selling at Dropbox

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on 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 in the company, valued at $11,935,790.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Andrew Houston sold 351,306 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $25.12, for a total value of $8,824,806.72. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares in the company, valued at approximately $207,658,649.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $25.71, for a total transaction of $64,275.00. Following the completion of the sale, the chief financial officer now owns 464,247 shares of the company’s stock, valued at $11,935,790.37. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 459,952 shares of company stock worth $11,544,337 over the last ninety days. 26.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Dropbox presently has a consensus rating of “Hold” and a consensus price target of $28.67.

About Dropbox

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.