Handelsbanken Fonder AB Has $1.86 Million Holdings in Dropbox, Inc. (NASDAQ:DBX)

Handelsbanken Fonder AB increased its holdings in Dropbox, Inc. (NASDAQ:DBX) by 12.6% during the fourth quarter, HoldingsChannel reports. The fund owned 61,800 shares of the company’s stock after acquiring an additional 6,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dropbox were worth $1,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DBX. Capital Performance Advisors LLP acquired a new stake in shares of Dropbox in the 3rd quarter worth about $28,000. Avion Wealth grew its position in Dropbox by 4,472.7% in the 4th quarter. Avion Wealth now owns 1,006 shares of the company’s stock worth $30,000 after purchasing an additional 984 shares in the last quarter. Allworth Financial LP grew its position in Dropbox by 33.5% in the 4th quarter. Allworth Financial LP now owns 1,456 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares in the last quarter. V Square Quantitative Management LLC grew its position in Dropbox by 39.0% in the 4th quarter. V Square Quantitative Management LLC now owns 1,717 shares of the company’s stock worth $52,000 after purchasing an additional 482 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Dropbox by 35.6% in the 4th quarter. Fifth Third Bancorp now owns 1,798 shares of the company’s stock worth $54,000 after purchasing an additional 472 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Insider Activity

In related news, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.19, for a total value of $80,475.00. Following the completion of the transaction, the chief financial officer now directly owns 396,264 shares of the company’s stock, valued at approximately $12,755,738.16. This trade represents a 0.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew Houston sold 500,323 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $29.65, for a total transaction of $14,834,576.95. Following the completion of the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at approximately $245,106,646.90. This trade represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 900,238 shares of company stock valued at $26,680,195 in the last three months. Company insiders own 28.59% of the company’s stock.

Dropbox Stock Up 0.6 %

Dropbox stock opened at $26.42 on Wednesday. Dropbox, Inc. has a twelve month low of $20.68 and a twelve month high of $33.33. The firm has a 50 day moving average price of $30.91 and a 200-day moving average price of $27.67. The company has a market capitalization of $8.18 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.70 and a beta of 0.61.

Dropbox (NASDAQ:DBX) last released its earnings results on Thursday, February 20th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.11). Dropbox had a net margin of 17.75% and a negative return on equity of 132.63%. The company had revenue of $643.60 million for the quarter, compared to the consensus estimate of $638.61 million. Equities analysts expect that Dropbox, Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price objective on shares of Dropbox from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, January 6th.

Dropbox Profile

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.