Ceera Investments LLC Has $6.78 Million Stock Holdings in Dropbox, Inc. (NASDAQ:DBX)

Ceera Investments LLC decreased its holdings in Dropbox, Inc. (NASDAQ:DBX) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 225,776 shares of the company’s stock after selling 900 shares during the period. Dropbox makes up 2.3% of Ceera Investments LLC’s portfolio, making the stock its 12th biggest position. Ceera Investments LLC’s holdings in Dropbox were worth $6,782,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Aigen Investment Management LP acquired a new position in shares of Dropbox in the 3rd quarter valued at $482,000. Retirement Systems of Alabama raised its stake in shares of Dropbox by 15.2% in the 3rd quarter. Retirement Systems of Alabama now owns 944,033 shares of the company’s stock valued at $24,007,000 after buying an additional 124,528 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dropbox by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,796,238 shares of the company’s stock worth $71,108,000 after purchasing an additional 228,685 shares in the last quarter. IVY Lane Capital Management LLC acquired a new stake in shares of Dropbox during the 3rd quarter worth about $3,179,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Dropbox during the 3rd quarter worth about $2,774,000. Institutional investors and hedge funds own 94.84% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group increased their target price 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 Stock Up 3.1 %

Shares of Dropbox stock opened at $26.42 on Friday. The stock has a market capitalization of $7.97 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 1.70 and a beta of 0.77. The company has a 50-day simple moving average of $30.15 and a 200 day simple moving average of $27.85. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.33.

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

Insiders Place Their Bets

In other news, CEO Andrew Houston sold 80,499 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $30.97, for a total value of $2,493,054.03. Following the transaction, the chief executive officer now owns 8,266,666 shares of the company’s stock, valued at approximately $256,018,646.02. This trade represents a 0.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $30.38, for a total transaction of $75,950.00. Following the completion of the transaction, the chief financial officer now directly owns 413,764 shares in the company, valued at $12,570,150.32. This trade represents a 0.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 772,003 shares of company stock valued at $23,067,375 in the last 90 days. 28.59% of the stock is currently owned by insiders.

Dropbox Company 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.