Dropbox Inc (NASDAQ:DBX) Holdings Reduce by Vista Fairness Companions Administration LLC

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Vista Fairness Companions Administration LLC decreased its stake in Dropbox Inc (NASDAQ:DBX) by 65.9% within the 4th quarter, based on its most up-to-date Kind 13F submitting with the Securities & Trade Fee. The agency owned 381,553 shares of the corporate’s inventory after promoting 737,273 shares through the interval. Dropbox makes up 0.9% of Vista Fairness Companions Administration LLC’s funding portfolio, making the inventory its 16th largest holding. Vista Fairness Companions Administration LLC owned 0.09% of Dropbox price $7,795,000 as of its most up-to-date submitting with the Securities & Trade Fee.

A number of different hedge funds and different institutional traders additionally lately made modifications to their positions in DBX. Northern Belief Corp bought a brand new place in shares of Dropbox through the second quarter valued at about $3,210,000. US Bancorp DE grew its holdings in Dropbox by 222.7% through the third quarter. US Bancorp DE now owns 7,825 shares of the corporate’s inventory valued at $210,000 after shopping for a further 5,400 shares within the final quarter. Non-public Advisor Group LLC bought a brand new place in Dropbox through the third quarter valued at roughly $294,000. Wells Fargo & Firm MN elevated its stake in Dropbox by 717.6% within the third quarter. Wells Fargo & Firm MN now owns 923,417 shares of the corporate’s inventory price $24,776,000 after buying a further 810,481 shares over the last quarter. Lastly, Janney Montgomery Scott LLC elevated its stake in Dropbox by 175.8% within the third quarter. Janney Montgomery Scott LLC now owns 28,163 shares of the corporate’s inventory price $756,000 after buying a further 17,953 shares over the last quarter. Hedge funds and different institutional traders personal 31.95% of the corporate’s inventory.

Shares of NASDAQ DBX opened at $21.95 on Monday. The inventory has a market capitalization of $9.03 billion and a price-to-earnings ratio of -16.76. Dropbox Inc has a 1 12 months low of $18.50 and a 1 12 months excessive of $43.50. The corporate has a fast ratio of 1.45, a present ratio of 1.45 and a debt-to-equity ratio of 0.13.

Dropbox (NASDAQ:DBX) final issued its quarterly earnings outcomes on Thursday, February 21st. The corporate reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.03. The agency had income of $375.90 million through the quarter, in comparison with analyst estimates of $369.64 million. Dropbox had a destructive return on fairness of 77.19% and a destructive internet margin of 34.84%. On common, sell-side analysts predict that Dropbox Inc will put up -0.14 earnings per share for the present fiscal 12 months.

Various analysis analysts have lately commented on the corporate. William Blair initiated protection on Dropbox in a analysis report on Tuesday, December 11th. They set an “outperform” score for the corporate. Zacks Funding Analysis upgraded shares of Dropbox from a “maintain” score to a “purchase” score and set a $29.00 worth goal on the inventory in a analysis report on Friday, February 22nd. Financial institution of America upgraded shares of Dropbox from a “impartial” score to a “purchase” score and set a $33.00 worth goal for the corporate in a analysis report on Friday, February 22nd. Jefferies Monetary Group dropped their worth goal on shares of Dropbox to $32.00 in a analysis word on Friday, February 22nd. Lastly, ValuEngine lowered Dropbox from a “purchase” score to a “maintain” score in a analysis report on Monday, February 4th. 4 analysis analysts have rated the inventory with a maintain score and 13 have assigned a purchase score to the inventory. Dropbox presently has a consensus score of “Purchase” and a consensus goal worth of $33.43.

In different information, CFO Ajay Vashee offered 13,731 shares of the corporate’s inventory in a transaction dated Monday, March 25th. The shares had been offered at a median worth of $21.60, for a complete worth of $296,589.60. The transaction was disclosed in a authorized submitting with the SEC, which will be accessed via this hyperlink. Additionally, insider Timothy Regan offered 2,000 shares of the agency’s inventory in a transaction dated Wednesday, March 20th. The inventory was offered at a median worth of $22.34, for a complete transaction of $44,680.00. The disclosure for this sale will be discovered right here. Over the past quarter, insiders have offered 95,836 shares of firm inventory valued at $2,189,727.

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Dropbox Firm Profile

Dropbox Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to create, entry, and share content material on-line. The corporate was previously often known as Evenflow, Inc and altered its title to Dropbox, Inc in October 2009. Dropbox Inc has strategic partnership with Zoom Video Communications, Inc Dropbox Inc was based in 2007 and is headquartered in San Francisco, California.

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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)



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