Dropbox, Inc. (NASDAQ:DBX) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in Dropbox, Inc. (NASDAQ:DBX) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,180 shares of the company’s stock after selling 3,192 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Dropbox were worth $696,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Quarry LP lifted its stake in Dropbox by 72.5% during the fourth quarter. Quarry LP now owns 4,181 shares of the company’s stock worth $126,000 after purchasing an additional 1,757 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Dropbox during the fourth quarter worth $9,663,000. Two Sigma Securities LLC raised its holdings in shares of Dropbox by 37.1% during the fourth quarter. Two Sigma Securities LLC now owns 29,754 shares of the company’s stock worth $894,000 after purchasing an additional 8,054 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Dropbox by 5.1% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,419 shares of the company’s stock worth $256,000 after buying an additional 407 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in shares of Dropbox by 48.6% in the 4th quarter. Pinebridge Investments L.P. now owns 134,459 shares of the company’s stock valued at $4,039,000 after buying an additional 43,985 shares during the period. 94.84% of the stock is currently owned by institutional investors.

Dropbox Price Performance

Shares of DBX opened at $28.84 on Friday. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.33. The stock has a fifty day moving average price of $26.72 and a 200 day moving average price of $28.40. The company has a market cap of $8.70 billion, a P/E ratio of 20.45, a PEG ratio of 1.70 and a beta of 0.75.

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

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their price objective on shares of Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, January 6th.

Insider Buying and Selling at Dropbox

In related news, insider Eric Cox sold 3,765 shares of Dropbox stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $26.30, for a total transaction of $99,019.50. Following the sale, the insider now directly owns 309,550 shares in the company, valued at $8,141,165. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.19, for a total transaction of $80,475.00. Following the completion of the sale, the chief financial officer now directly owns 396,264 shares of the company’s stock, valued at $12,755,738.16. The trade was a 0.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,265 shares of company stock worth $313,270. 28.59% of the stock is owned by company insiders.

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.