Kornitzer Capital Administration Inc. KS boosted its place in Dropbox Inc (NASDAQ:DBX) by 7.5% throughout the first quarter, in line with its most up-to-date disclosure with the Securities and Trade Fee (SEC). The fund owned 85,880 shares of the corporateâ€™s inventory after buying a further 6,022 shares throughout the quarter. Kornitzer Capital Administration Inc. KSâ€™s holdings in Dropbox have been price $1,872,000 on the finish of the newest reporting interval.
Various different massive traders have additionally not too long ago made adjustments to their positions in DBX. FMR LLC grew its stake in shares of Dropbox by 22.7% throughout the fourth quarter. FMR LLC now owns 12,737,378 shares of the corporateâ€™s inventory price $260,224,000 after shopping for a further 2,357,568 shares over the past quarter. BlackRock Inc. grew its stake in shares of Dropbox by 22.7% throughout the fourth quarter. BlackRock Inc. now owns 12,611,171 shares of the corporateâ€™s inventory price $257,646,000 after shopping for a further 2,332,796 shares over the past quarter. Vanguard Group Inc grew its stake in shares of Dropbox by 51.9% throughout the third quarter. Vanguard Group Inc now owns 6,473,087 shares of the corporateâ€™s inventory price $173,673,000 after shopping for a further 2,211,823 shares over the past quarter. Vanguard Group Inc. grew its stake in shares of Dropbox by 51.9% throughout the third quarter. Vanguard Group Inc. now owns 6,473,087 shares of the corporateâ€™s inventory price $173,673,000 after shopping for a further 2,211,823 shares over the past quarter. Lastly, First Belief Advisors LP grew its stake in shares of Dropbox by 19.5% throughout the fourth quarter. First Belief Advisors LP now owns 3,911,795 shares of the corporateâ€™s inventory price $79,918,000 after shopping for a further 639,476 shares over the past quarter. 31.92% of the inventory is at present owned by institutional traders and hedge funds.
DBX has been the subject of quite a few analysis stories. Zacks Funding Analysis minimize shares of Dropbox from a â€œpurchaseâ€ ranking to a â€œmaintainâ€ ranking in a analysis observe on Friday, April 26th. Financial institution of America raised shares of Dropbox from a â€œimpartialâ€ ranking to a â€œpurchaseâ€ ranking and set a $33.00 worth goal on the inventory in a analysis observe on Friday, February 22nd. Jefferies Monetary Group diminished their worth goal on shares of Dropbox to $32.00 in a analysis observe on Friday, February 22nd. Lastly, ValuEngine minimize shares of Dropbox from a â€œpurchaseâ€ ranking to a â€œmaintainâ€ ranking in a analysis observe on Monday, February 4th. Three equities analysis analysts have rated the inventory with a maintain ranking and eight have issued a purchase ranking to the inventory. The inventory presently has a median ranking of â€œPurchaseâ€ and a median worth goal of $32.13.
Shares of Dropbox inventory opened at $23.67 on Thursday. The corporate has a present ratio of 1.45, a fast ratio of 1.45 and a debt-to-equity ratio of 0.13. Dropbox Inc has a twelve month low of $18.50 and a twelve month excessive of $43.50. The agency has a market capitalization of $9.73 billion, a P/E ratio of -18.07 and a beta of 1.43.
Dropbox (NASDAQ:DBX) final issued its quarterly earnings knowledge on Thursday, February 21st. The corporate reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. Dropbox had a unfavorable internet margin of 34.84% and a unfavorable return on fairness of 77.19%. The corporate had income of $375.90 million for the quarter, in comparison with analystsâ€™ expectations of $369.64 million. As a bunch, sell-side analysts predict that Dropbox Inc will put up -0.14 earnings per share for the present fiscal 12 months.
In associated information, insider Yamini Rangan bought 5,633 shares of the enterpriseâ€™s inventory in a transaction on Wednesday, February 20th. The shares have been bought at a median worth of $26.00, for a complete worth of $146,458.00. The transaction was disclosed in a doc filed with the SEC, which is offered at this hyperlink. Additionally, insider Timothy Regan bought 2,000 shares of the enterpriseâ€™s inventory in a transaction on Wednesday, March 20th. The shares have been bought at a median worth of $22.34, for a complete transaction of $44,680.00. The disclosure for this sale might be discovered right here. Within the final three months, insiders bought 77,980 shares of firm inventory price $1,778,925. 31.20% of the inventory is at present owned by insiders.
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Dropbox, Inc offers a collaboration platform worldwide. Its platform permits people, groups, and organizations to collaborate and join free by way of its Web site or app, in addition to improve to a paid subscription plan for premium options. The corporate has roughly 500 million registered customers throughout 180 nations.
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