Dropbox Inc (NASDAQ:DBX) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

[ad_1]

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Dropbox Inc (NASDAQ:DBX) by 4.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 75,800 shares of the company’s stock after selling 3,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dropbox were worth $1,529,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. acquired a new position in shares of Dropbox during the 3rd quarter worth approximately $27,000. Meridian Wealth Management LLC acquired a new position in shares of Dropbox during the 2nd quarter worth approximately $34,000. Glen Harbor Capital Management LLC boosted its holdings in shares of Dropbox by 203.0% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 1,600 shares of the company’s stock worth $40,000 after purchasing an additional 1,072 shares during the last quarter. CSat Investment Advisory L.P. acquired a new position in shares of Dropbox during the 2nd quarter worth approximately $45,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Dropbox during the 2nd quarter worth approximately $55,000. Institutional investors own 39.78% of the company’s stock.

DBX has been the topic of several recent research reports. Royal Bank of Canada dropped coverage on Dropbox in a report on Thursday, September 26th. DA Davidson dropped coverage on Dropbox in a report on Friday, August 9th. Bank of America dropped coverage on Dropbox in a report on Friday, August 9th. Instinet upgraded Dropbox from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.92 to $25.00 in a report on Tuesday, October 22nd. Finally, Zacks Investment Research upgraded Dropbox from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. Dropbox has an average rating of “Buy” and an average target price of $28.10.

DBX stock opened at $19.80 on Friday. The firm has a market cap of $8.63 billion, a PE ratio of -15.11 and a beta of 1.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50 day moving average price is $19.73 and its 200-day moving average price is $21.72. Dropbox Inc has a one year low of $17.20 and a one year high of $27.15.

Dropbox (NASDAQ:DBX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.17. The firm had revenue of $428.20 million for the quarter, compared to analyst estimates of $423.48 million. Dropbox had a negative net margin of 2.91% and a negative return on equity of 6.57%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Equities research analysts predict that Dropbox Inc will post -0.12 EPS for the current fiscal year.

In other Dropbox news, Director Condoleezza Rice sold 23,943 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $18.38, for a total value of $440,072.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Timothy Regan sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $19.46, for a total value of $58,380.00. In the last ninety days, insiders have sold 84,276 shares of company stock worth $1,666,898. Corporate insiders own 31.20% of the company’s stock.

Dropbox Profile

Dropbox, Inc provides a collaboration platform worldwide. Its platform allows individuals, 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. The company has approximately 500 million registered users across 180 countries.

Read More: Straddles

Want to see what other hedge funds are holding DBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dropbox Inc (NASDAQ:DBX).

Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)

[ad_2]

Source link

اترك تعليقاً

لن يتم نشر عنوان بريدك الإلكتروني. الحقول الإلزامية مشار إليها بـ *