Universal Beteiligungs und Servicegesellschaft mbH Grows Position in Dropbox, Inc. $DBX

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 109.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 361,611 shares of the company’s stock after buying an additional 188,826 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.13% of Dropbox worth $10,924,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. First Horizon Corp purchased a new position in shares of Dropbox in the third quarter valued at about $31,000. Neo Ivy Capital Management purchased a new stake in shares of Dropbox during the second quarter worth about $30,000. Geneos Wealth Management Inc. grew its stake in shares of Dropbox by 78.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,273 shares of the company’s stock worth $36,000 after purchasing an additional 558 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Dropbox by 6,319.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,348 shares of the company’s stock valued at $41,000 after purchasing an additional 1,327 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in Dropbox during the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Insider Buying and Selling at Dropbox

In other Dropbox news, CAO Sarah Elizabeth Schubach sold 1,168 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $26.84, for a total value of $31,349.12. Following the sale, the chief accounting officer owned 92,702 shares in the company, valued at approximately $2,488,121.68. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Houston sold 23,818 shares of Dropbox stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $27.51, for a total transaction of $655,233.18. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 406,620 shares of company stock worth $11,703,370. Insiders own 29.95% of the company’s stock.

Dropbox Stock Up 0.2%

NASDAQ DBX opened at $26.30 on Friday. The firm has a market capitalization of $6.80 billion, a PE ratio of 14.86, a P/E/G ratio of 2.15 and a beta of 0.62. The stock’s 50 day moving average is $28.13 and its 200 day moving average is $28.65. Dropbox, Inc. has a twelve month low of $24.42 and a twelve month high of $33.33.

Dropbox (NASDAQ:DBX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.64 by $0.10. The business had revenue of $634.40 million during the quarter, compared to analyst estimates of $623.59 million. Dropbox had a negative return on equity of 49.51% and a net margin of 19.87%.The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. On average, research analysts anticipate that Dropbox, Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

DBX has been the topic of a number of recent analyst reports. Wall Street Zen lowered Dropbox from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada cut their price target on shares of Dropbox from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dropbox in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.33.

Dropbox Company Profile

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.