Seizert Capital Partners LLC Sells 634 Shares of Dropbox, Inc. (NASDAQ:DBX)

Seizert Capital Partners LLC decreased its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,808 shares of the company’s stock after selling 634 shares during the period. Seizert Capital Partners LLC owned approximately 0.10% of Dropbox worth $9,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DBX. Pacer Advisors Inc. boosted its stake in shares of Dropbox by 4.5% during the third quarter. Pacer Advisors Inc. now owns 7,788,652 shares of the company’s stock valued at $198,065,000 after purchasing an additional 333,245 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Dropbox by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,239,493 shares of the company’s stock valued at $158,670,000 after acquiring an additional 365,893 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dropbox by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,366,271 shares of the company’s stock valued at $111,368,000 after acquiring an additional 25,893 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Dropbox by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,914,005 shares of the company’s stock worth $87,537,000 after acquiring an additional 117,767 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Dropbox by 6.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,762 shares of the company’s stock worth $59,907,000 after purchasing an additional 134,503 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their target price on shares of Dropbox from $27.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, January 6th.

Dropbox Stock Performance

Shares of NASDAQ DBX opened at $26.32 on Wednesday. The company has a market cap of $7.94 billion, a PE ratio of 18.67, a P/E/G ratio of 1.70 and a beta of 0.77. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.33. The business has a 50-day simple moving average of $30.43 and a two-hundred day simple moving average of $27.82.

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

Insider Buying and Selling

In related news, insider Eric Cox sold 3,765 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.30, for a total value of $99,019.50. Following the completion of the transaction, the insider now owns 309,550 shares of the company’s stock, valued at approximately $8,141,165. This represents a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Houston sold 137,499 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $30.05, for a total transaction of $4,131,844.95. Following the transaction, the chief executive officer now directly owns 8,266,666 shares in the company, valued at approximately $248,413,313.30. The trade was a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 772,003 shares of company stock valued at $23,067,375 over the last 90 days. Insiders own 28.59% of the company’s stock.

About Dropbox

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.