194,840 Shares in Dropbox, Inc. (NASDAQ:DBX) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in shares of Dropbox, Inc. (NASDAQ:DBX) in the fourth quarter, Holdings Channel.com reports. The firm bought 194,840 shares of the company’s stock, valued at approximately $5,853,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Retirement Systems of Alabama lifted its position in shares of Dropbox by 15.2% in the third quarter. Retirement Systems of Alabama now owns 944,033 shares of the company’s stock worth $24,007,000 after purchasing an additional 124,528 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Dropbox by 8.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company’s stock valued at $71,108,000 after purchasing an additional 228,685 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Dropbox in the 4th quarter worth approximately $3,205,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Dropbox in the 3rd quarter valued at $11,687,000. Finally, Sanctuary Advisors LLC acquired a new stake in Dropbox during the third quarter worth about $268,000. 94.84% of the stock is owned by institutional investors.

Dropbox Stock Down 1.5 %

Shares of DBX opened at $26.83 on Thursday. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33. The stock’s fifty day simple moving average is $29.18 and its 200-day simple moving average is $28.02. The firm has a market capitalization of $8.10 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77.

Dropbox (NASDAQ:DBX) last posted its earnings results 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). Dropbox had a negative return on equity of 132.63% and a net margin of 17.75%. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $638.61 million. Analysts anticipate that Dropbox, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

Separately, Jefferies Financial Group upped their target price 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.

Insider Buying and Selling

In other Dropbox news, insider Eric Cox sold 3,765 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.30, for a total transaction of $99,019.50. Following the completion of the sale, the insider now directly owns 309,550 shares in the company, valued at $8,141,165. This trade represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Houston sold 500,323 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $29.65, for a total value of $14,834,576.95. Following the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at $245,106,646.90. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 634,504 shares of company stock worth $18,935,530. 28.59% of the stock is owned by insiders.

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.