Seizert Capital Partners LLC Has $54.49 Million Holdings in Dropbox, Inc. $DBX

Seizert Capital Partners LLC increased its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 1.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,905,053 shares of the company’s stock after buying an additional 25,679 shares during the period. Dropbox makes up 2.4% of Seizert Capital Partners LLC’s holdings, making the stock its 12th biggest holding. Seizert Capital Partners LLC’s holdings in Dropbox were worth $54,485,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. SGL Investment Advisors Inc. raised its position in shares of Dropbox by 2.4% in the 2nd quarter. SGL Investment Advisors Inc. now owns 16,143 shares of the company’s stock worth $442,000 after acquiring an additional 375 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Dropbox by 5.7% during the second quarter. PNC Financial Services Group Inc. now owns 8,607 shares of the company’s stock worth $246,000 after purchasing an additional 461 shares during the period. Elequin Capital LP increased its holdings in Dropbox by 71.0% in the first quarter. Elequin Capital LP now owns 1,130 shares of the company’s stock worth $30,000 after purchasing an additional 469 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Dropbox by 4.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 14,322 shares of the company’s stock valued at $383,000 after buying an additional 625 shares during the period. Finally, Cooper Financial Group grew its position in shares of Dropbox by 2.8% during the 1st quarter. Cooper Financial Group now owns 23,106 shares of the company’s stock worth $617,000 after buying an additional 640 shares during the period. Institutional investors own 94.84% of the company’s stock.

Insider Buying and Selling

In other Dropbox news, CTO Ali Dasdan sold 12,812 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.00, for a total value of $384,360.00. Following the completion of the transaction, the chief technology officer owned 551,060 shares in the company, valued at $16,531,800. This represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William T. Yoon sold 11,430 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $30.16, for a total transaction of $344,728.80. Following the sale, the insider owned 223,662 shares of the company’s stock, valued at $6,745,645.92. This trade represents a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 300,391 shares of company stock valued at $8,994,700 over the last quarter. Corporate insiders own 28.59% of the company’s stock.

Dropbox Stock Down 0.8%

Shares of NASDAQ:DBX opened at $29.47 on Wednesday. The business’s 50 day moving average is $29.90 and its 200 day moving average is $28.87. Dropbox, Inc. has a 12-month low of $24.42 and a 12-month high of $33.33. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.54 and a beta of 0.65.

Dropbox (NASDAQ:DBX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. Dropbox had a net margin of 19.87% and a negative return on equity of 49.51%. The firm had revenue of $634.40 million for the quarter, compared to the consensus estimate of $623.59 million. During the same period in the previous year, the firm earned $0.60 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Dropbox has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts expect that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on DBX. Wall Street Zen raised shares of Dropbox from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Royal Bank Of Canada raised their target price on Dropbox from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. UBS Group downgraded Dropbox from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $29.00 to $27.00 in a research note on Thursday, September 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dropbox in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.75.

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.