WINTON GROUP Ltd Purchases Shares of 194,840 Dropbox, Inc. (NASDAQ:DBX)

WINTON GROUP Ltd bought a new position in shares of Dropbox, Inc. (NASDAQ:DBX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 194,840 shares of the company’s stock, valued at approximately $5,853,000. WINTON GROUP Ltd owned about 0.06% of Dropbox at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Dropbox by 96.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock worth $26,000 after buying an additional 424 shares during the last quarter. Avion Wealth grew its position in shares of Dropbox by 4,472.7% during the 4th quarter. Avion Wealth now owns 1,006 shares of the company’s stock valued at $30,000 after acquiring an additional 984 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Dropbox during the 4th quarter worth approximately $40,000. Allworth Financial LP lifted its holdings in Dropbox by 33.5% during the fourth quarter. Allworth Financial LP now owns 1,456 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Dropbox by 39.0% in the 4th quarter. V Square Quantitative Management LLC now owns 1,717 shares of the company’s stock valued at $52,000 after buying an additional 482 shares in the last quarter. 94.84% of the stock is owned by institutional investors.

Insider Activity at Dropbox

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $30.38, for a total transaction of $75,950.00. Following the transaction, the chief financial officer now owns 413,764 shares of the company’s stock, valued at $12,570,150.32. This represents a 0.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew Houston sold 500,323 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $29.65, for a total transaction of $14,834,576.95. Following the sale, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at $245,106,646.90. This represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 634,504 shares of company stock worth $18,935,530 over the last 90 days. Company insiders own 28.59% of the company’s stock.

Dropbox Price Performance

DBX stock opened at $26.83 on Thursday. Dropbox, Inc. has a 1 year low of $20.68 and a 1 year high of $33.33. The business’s 50-day moving average is $29.18 and its two-hundred day moving average is $28.02. The firm has a market capitalization of $8.10 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.70 and a beta of 0.77.

Dropbox (NASDAQ:DBX) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.11). The company had revenue of $643.60 million during the quarter, compared to analyst estimates of $638.61 million. Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. On average, analysts expect that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

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

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.