WINTON GROUP Ltd Purchases Shares of 148,870 Dropbox, Inc. $DBX

WINTON GROUP Ltd purchased a new stake in Dropbox, Inc. (NASDAQ:DBX) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 148,870 shares of the company’s stock, valued at approximately $4,497,000. WINTON GROUP Ltd owned approximately 0.06% of Dropbox as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DBX. LSV Asset Management raised its stake in shares of Dropbox by 38.1% during the 3rd quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock worth $350,848,000 after acquiring an additional 3,205,140 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Dropbox by 10.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,662,161 shares of the company’s stock valued at $190,538,000 after acquiring an additional 605,258 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Dropbox by 2.7% in the third quarter. Wedge Capital Management L L P NC now owns 2,287,185 shares of the company’s stock worth $69,096,000 after purchasing an additional 59,625 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Dropbox by 1.2% in the third quarter. Russell Investments Group Ltd. now owns 2,148,859 shares of the company’s stock worth $65,142,000 after purchasing an additional 25,757 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Dropbox by 47.8% during the third quarter. Allianz Asset Management GmbH now owns 2,123,932 shares of the company’s stock worth $64,164,000 after purchasing an additional 686,577 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Sarah Elizabeth Schubach sold 1,416 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $24.49, for a total transaction of $34,677.84. Following the completion of the transaction, the chief accounting officer directly owned 86,319 shares of the company’s stock, valued at $2,113,952.31. This represents a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ashraf Alkarmi sold 12,472 shares of Dropbox stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $26.00, for a total transaction of $324,272.00. Following the completion of the sale, the insider directly owned 414,661 shares in the company, valued at $10,781,186. This represents a 2.92% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 451,613 shares of company stock valued at $11,737,127. Corporate insiders own 28.59% of the company’s stock.

Dropbox Stock Down 0.1%

NASDAQ:DBX opened at $26.75 on Tuesday. Dropbox, Inc. has a 52 week low of $23.63 and a 52 week high of $32.40. The stock’s 50-day moving average price is $25.86 and its 200-day moving average price is $28.21. The stock has a market capitalization of $6.45 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.89 and a beta of 0.63.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The company had revenue of $636.20 million during the quarter, compared to analysts’ expectations of $627.83 million. Dropbox had a negative return on equity of 37.47% and a net margin of 20.17%.Dropbox’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Sell-side analysts expect that Dropbox, Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DBX shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dropbox in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on Dropbox from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada reduced their target price on Dropbox from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. UBS Group decreased their price target on Dropbox from $27.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen downgraded Dropbox from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.50.

Dropbox Profile

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.