Tudor Investment Corp ET AL Has $9.45 Million Stake in Dropbox, Inc. $DBX

Tudor Investment Corp ET AL boosted its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 3,963.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,892 shares of the company’s stock after buying an additional 305,192 shares during the period. Tudor Investment Corp ET AL owned approximately 0.12% of Dropbox worth $9,452,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management grew its stake in Dropbox by 38.1% during the third quarter. LSV Asset Management now owns 11,613,642 shares of the company’s stock worth $350,848,000 after buying an additional 3,205,140 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Dropbox by 117.3% in the third quarter. Intech Investment Management LLC now owns 407,958 shares of the company’s stock worth $12,324,000 after acquiring an additional 220,176 shares during the last quarter. BOKF NA lifted its holdings in shares of Dropbox by 48.8% in the third quarter. BOKF NA now owns 163,896 shares of the company’s stock worth $4,951,000 after acquiring an additional 53,741 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Dropbox in the second quarter worth about $682,000. Finally, WINTON GROUP Ltd bought a new position in shares of Dropbox in the third quarter worth about $4,497,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DBX has been the subject of a number of research reports. William Blair reissued an “underperform” rating on shares of Dropbox in a report on Monday, March 23rd. Wall Street Zen cut shares of Dropbox from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Royal Bank Of Canada dropped their target price on shares of Dropbox from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, February 20th. JPMorgan Chase & Co. dropped their target price on shares of Dropbox from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, UBS Group dropped their target price on shares of Dropbox from $27.00 to $23.00 and set a “sell” rating for the company in a report on Friday, February 20th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $27.50.

Dropbox Price Performance

Dropbox stock opened at $23.75 on Tuesday. The business has a 50 day moving average of $24.82 and a 200-day moving average of $27.40. Dropbox, Inc. has a 1 year low of $22.00 and a 1 year high of $32.40. The company has a market capitalization of $5.73 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.65 and a beta of 0.61.

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

Insider Transactions at Dropbox

In other news, CTO Ali Dasdan sold 7,306 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $24.89, for a total value of $181,846.34. Following the completion of the transaction, the chief technology officer owned 499,379 shares of the company’s stock, valued at $12,429,543.31. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Houston sold 164,502 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $25.66, for a total transaction of $4,221,121.32. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 471,774 shares of company stock worth $11,823,909. 29.95% of the stock is owned by corporate insiders.

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.