Blue Trust Inc. Has $109,000 Stock Position in Dropbox, Inc. (NASDAQ:DBX)

Blue Trust Inc. boosted its holdings in shares of Dropbox, Inc. (NASDAQ:DBX) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,616 shares of the company’s stock after buying an additional 682 shares during the quarter. Blue Trust Inc.’s holdings in Dropbox were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DBX. GAMMA Investing LLC increased its holdings in shares of Dropbox by 133.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,888 shares of the company’s stock worth $73,000 after acquiring an additional 1,650 shares during the last quarter. CWM LLC boosted its position in Dropbox by 39.3% during the third quarter. CWM LLC now owns 68,576 shares of the company’s stock worth $1,744,000 after purchasing an additional 19,353 shares during the period. UMB Bank n.a. boosted its position in Dropbox by 2,479.4% during the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock worth $45,000 after purchasing an additional 1,686 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Dropbox by 24.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 156,500 shares of the company’s stock valued at $3,980,000 after purchasing an additional 31,000 shares during the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of Dropbox in the third quarter valued at about $397,000. Institutional investors own 94.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upped their price target on shares of Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dropbox currently has an average rating of “Hold” and a consensus price target of $27.50.

Insider Activity at Dropbox

In other news, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $32.17, for a total value of $80,425.00. Following the sale, the chief financial officer now directly owns 398,764 shares in the company, valued at approximately $12,828,237.88. This trade represents a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Houston sold 80,499 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $30.97, for a total transaction of $2,493,054.03. Following the transaction, the chief executive officer now owns 8,266,666 shares of the company’s stock, valued at approximately $256,018,646.02. This represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 902,568 shares of company stock valued at $26,729,180 over the last quarter. 26.40% of the stock is owned by corporate insiders.

Dropbox Trading Down 1.3 %

Shares of DBX opened at $32.20 on Friday. Dropbox, Inc. has a 12 month low of $20.68 and a 12 month high of $33.43. The firm’s 50 day moving average is $30.28 and its 200-day moving average is $26.87. The stock has a market capitalization of $9.97 billion, a PE ratio of 18.61, a P/E/G ratio of 1.63 and a beta of 0.61.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.16). The company had revenue of $638.80 million during the quarter, compared to analyst estimates of $636.93 million. Dropbox had a net margin of 22.71% and a negative return on equity of 135.85%. During the same period in the prior year, the firm earned $0.35 earnings per share. Equities research analysts predict that Dropbox, Inc. will post 1.49 earnings per share for the current fiscal year.

Dropbox Company 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.