Quantinno Capital Management LP Has $12.20 Million Stock Holdings in Dropbox, Inc. (NASDAQ:DBX)

Quantinno Capital Management LP grew its position in Dropbox, Inc. (NASDAQ:DBX) by 34.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 406,076 shares of the company’s stock after acquiring an additional 103,392 shares during the period. Quantinno Capital Management LP owned 0.13% of Dropbox worth $12,199,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of DBX. EverSource Wealth Advisors LLC lifted its stake in shares of Dropbox by 96.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the company’s stock valued at $26,000 after acquiring an additional 424 shares during the last quarter. Avion Wealth lifted its stake in shares of Dropbox by 4,472.7% in 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 last quarter. SBI Securities Co. Ltd. bought a new position in Dropbox during the 4th quarter worth $40,000. Allworth Financial LP raised its position in Dropbox by 33.5% during the 4th quarter. Allworth Financial LP now owns 1,456 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Dropbox by 768.9% during the 4th quarter. Huntington National Bank now owns 1,538 shares of the company’s stock worth $46,000 after buying an additional 1,361 shares during the period. 94.84% of the stock is currently owned by institutional investors.

Dropbox Trading Down 0.3%

Shares of DBX opened at $29.61 on Thursday. The company has a market capitalization of $8.93 billion, a PE ratio of 21.00, a PEG ratio of 1.70 and a beta of 0.68. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.33. The stock’s 50-day moving average price is $27.22 and its two-hundred day moving average price is $28.59.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The company had revenue of $624.70 million for the quarter, compared to the consensus estimate of $619.56 million. Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. Equities research analysts predict that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DBX has been the topic of several recent research reports. Citigroup lifted their target price on Dropbox from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. UBS Group lifted their target price on Dropbox from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, May 9th.

Insider Activity at Dropbox

In related news, insider Eric Cox sold 3,765 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.30, for a total value of $99,019.50. Following the completion of the sale, the insider now directly owns 309,550 shares of the company’s stock, valued at $8,141,165. The trade was a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $28.29, for a total value of $70,725.00. Following the completion of the sale, the chief financial officer now directly owns 562,568 shares of the company’s stock, valued at $15,915,048.72. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,265 shares of company stock valued at $303,520 in the last three months. Corporate insiders own 29.95% of the company’s stock.

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.