Dropbox, Inc. (NASDAQ:DBX) Stock Holdings Increased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of Dropbox, Inc. (NASDAQ:DBX) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,014 shares of the company’s stock after acquiring an additional 7,662 shares during the period. Janus Henderson Group PLC’s holdings in Dropbox were worth $8,022,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. LSV Asset Management raised its stake in shares of Dropbox by 24.0% in the 4th quarter. LSV Asset Management now owns 6,446,121 shares of the company’s stock worth $193,641,000 after buying an additional 1,245,563 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Dropbox by 38.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,224,864 shares of the company’s stock worth $156,955,000 after buying an additional 1,440,887 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Dropbox by 3.0% in the 4th quarter. AQR Capital Management LLC now owns 3,332,516 shares of the company’s stock worth $99,842,000 after buying an additional 97,551 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Dropbox by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,914,005 shares of the company’s stock worth $87,537,000 after buying an additional 117,767 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Dropbox by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,646,502 shares of the company’s stock worth $79,505,000 after buying an additional 82,284 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Insider Activity at Dropbox

In related news, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $28.29, for a total transaction of $70,725.00. Following the completion of the transaction, the chief financial officer now owns 562,568 shares of the company’s stock, valued at approximately $15,915,048.72. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric Cox sold 3,765 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.30, for a total value of $99,019.50. Following the completion of the transaction, the insider now directly owns 309,550 shares of the company’s stock, valued at approximately $8,141,165. This trade represents a 1.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,265 shares of company stock valued at $303,520. Insiders own 29.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DBX. UBS Group lifted their target price on Dropbox from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Citigroup lifted their target price on Dropbox from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 9th.

Dropbox Trading Down 1.9%

DBX opened at $28.91 on Friday. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.33. The stock has a fifty day moving average price of $27.43 and a 200 day moving average price of $28.66.

Dropbox (NASDAQ:DBX) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The firm had revenue of $624.70 million during the quarter, compared to analysts’ expectations of $619.56 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, sell-side analysts forecast that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

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.