Allianz Asset Administration GmbH Invests $249,00Zero in Dropbox Inc (NASDAQ:DBX)


Allianz Asset Administration GmbH purchased a brand new place in shares of Dropbox Inc (NASDAQ:DBX) within the second quarter, in line with its most up-to-date submitting with the Securities & Change Fee. The institutional investor purchased 9,945 shares of the corporate’s inventory, valued at roughly $249,000.

A number of different institutional traders have additionally just lately purchased and bought shares of DBX. First Belief Advisors LP lifted its holdings in Dropbox by 63.1% within the second quarter. First Belief Advisors LP now owns 6,551,431 shares of the corporate’s inventory price $164,113,00Zero after shopping for an extra 2,535,197 shares throughout the interval. Wells Fargo & Firm MN lifted its holdings in Dropbox by 36.1% within the second quarter. Wells Fargo & Firm MN now owns 4,973,152 shares of the corporate’s inventory price $124,577,00Zero after shopping for an extra 1,319,835 shares throughout the interval. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in Dropbox by 3,423.8% within the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,300,331 shares of the corporate’s inventory price $28,347,00Zero after shopping for an extra 1,263,430 shares throughout the interval. Pictet Asset Administration Ltd. lifted its holdings in Dropbox by 34.5% within the first quarter. Pictet Asset Administration Ltd. now owns 4,198,539 shares of the corporate’s inventory price $91,528,00Zero after shopping for an extra 1,077,469 shares throughout the interval. Lastly, BlackRock Inc. lifted its holdings in Dropbox by 7.2% within the first quarter. BlackRock Inc. now owns 13,521,764 shares of the corporate’s inventory price $294,775,00Zero after shopping for an extra 910,593 shares throughout the interval. Institutional traders personal 40.40% of the corporate’s inventory.

A number of brokerages have commented on DBX. Zacks Funding Analysis lowered shares of Dropbox from a “purchase” score to a “maintain” score in a report on Wednesday, August 14th. TheStreet lowered shares of Dropbox from a “c-” score to a “d+” score in a report on Friday, August ninth. Royal Financial institution of Canada dropped protection on shares of Dropbox in a report on Friday, August ninth. Financial institution of America dropped protection on shares of Dropbox in a report on Friday, August ninth. Lastly, Nomura lowered their goal value on shares of Dropbox from $25.00 to $24.00 and set a “impartial” score for the corporate in a report on Friday, August ninth. One funding analyst has rated the inventory with a promote score, three have given a maintain score and 5 have assigned a purchase score to the corporate’s inventory. The corporate presently has a consensus score of “Maintain” and a mean goal value of $28.13.

DBX inventory opened at $20.06 on Friday. The agency has a 50 day shifting common value of $19.74 and a 200-day shifting common value of $22.43. Dropbox Inc has a 52-week low of $17.20 and a 52-week excessive of $27.35. The agency has a market capitalization of $8.29 billion, a price-to-earnings ratio of -15.31 and a beta of 1.53. The corporate has a debt-to-equity ratio of 0.99, a fast ratio of 1.18 and a present ratio of 1.18.

Dropbox (NASDAQ:DBX) final launched its earnings outcomes on Thursday, August eighth. The corporate reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Dropbox had a detrimental internet margin of two.91% and a detrimental return on fairness of 6.57%. The agency had income of $401.50 million throughout the quarter, in comparison with analyst estimates of $401.09 million. Throughout the identical interval final yr, the enterprise earned $0.11 earnings per share. The enterprise’s income was up 18.4% on a year-over-year foundation. As a gaggle, sell-side analysts forecast that Dropbox Inc will publish -0.11 earnings per share for the present fiscal yr.

In associated information, CFO Ajay Vashee bought 13,731 shares of the agency’s inventory in a transaction that occurred on Monday, June 24th. The shares had been bought at a mean value of $25.00, for a complete transaction of $343,275.00. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible by way of the SEC web site. Additionally, insider Timothy Regan bought 4,125 shares of the agency’s inventory in a transaction that occurred on Wednesday, July 17th. The shares had been bought at a mean value of $25.60, for a complete transaction of $105,600.00. The disclosure for this sale could be discovered right here. Insiders have bought 85,472 shares of firm inventory valued at $1,915,604 during the last quarter. Firm insiders personal 31.20% of the corporate’s inventory.

About Dropbox

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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Institutional Ownership by Quarter for Dropbox (NASDAQ:DBX)



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