Janus Henderson Group PLC Sells 19,179 Shares of Dropbox, Inc. $DBX

Janus Henderson Group PLC decreased its holdings in Dropbox, Inc. (NASDAQ:DBX) by 19.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,200 shares of the company’s stock after selling 19,179 shares during the quarter. Janus Henderson Group PLC’s holdings in Dropbox were worth $1,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in Dropbox in the fourth quarter worth approximately $69,909,000. Arrowstreet Capital Limited Partnership grew its position in shares of Dropbox by 12.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 8,533,736 shares of the company’s stock valued at $193,886,000 after acquiring an additional 960,109 shares during the period. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Dropbox in the 4th quarter worth $22,050,000. Allianz Asset Management GmbH increased its stake in shares of Dropbox by 28.1% in the 4th quarter. Allianz Asset Management GmbH now owns 2,720,372 shares of the company’s stock worth $75,626,000 after purchasing an additional 596,440 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Dropbox by 29.1% in the 3rd quarter. Northern Trust Corp now owns 2,488,077 shares of the company’s stock worth $75,165,000 after purchasing an additional 560,694 shares during the period. 94.84% of the stock is owned by hedge funds and other institutional investors.

Dropbox News Roundup

Here are the key news stories impacting Dropbox this week:

• Positive Sentiment: Dropbox reported fiscal second-quarter 2026 adjusted earnings of $0.75 per share, exceeding the $0.74 consensus estimate and improving from $0.71 a year earlier. Revenue of $631.5 million also topped expectations of $626.7 million. Dropbox Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its 2026 outlook, while improving core file, sync and sharing trends, growth in paying users and expanding artificial-intelligence capabilities provide potential support for future results. Dropbox Q2 Earnings Beat Estimates on Core FSS, 2026 Outlook Raised
• Positive Sentiment: Dropbox forecast third-quarter revenue of $627 million to $630 million, above the $625.9 million analyst consensus, signaling expectations for continued operating momentum. Dropbox Earnings Conference Call
• Positive Sentiment: The company’s AI-powered search initiatives could help differentiate Dropbox, improve content discovery and create new opportunities to increase engagement and monetization. Can Dropbox Redefine Itself Through AI-Powered Search?
• Neutral Sentiment: Despite the earnings beat, quarterly revenue increased only 0.9% year over year. This reinforces the view that Dropbox must accelerate growth beyond its mature core storage and collaboration business. Dropbox Shares Decline Despite Earnings Beat as Revenue Growth Disappoints

Insider Activity

In other news, Director Andrew William Moore sold 8,443 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $27.57, for a total value of $232,773.51. Following the transaction, the director owned 4,737 shares of the company’s stock, valued at approximately $130,599.09. The trade was a 64.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Peacock sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $33.00, for a total transaction of $66,000.00. Following the completion of the transaction, the director directly owned 22,366 shares in the company, valued at $738,078. This trade represents a 8.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 130,945 shares of company stock valued at $3,565,129. Company insiders own 35.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on DBX shares. William Blair upgraded Dropbox from an “underperform” rating to a “market perform” rating in a research report on Friday. Citigroup raised their price objective on Dropbox from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dropbox in a research report on Friday, July 31st. Bank of America reiterated an “underperform” rating on shares of Dropbox in a research note on Friday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Dropbox in a report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $28.25.

Dropbox Price Performance

NASDAQ DBX opened at $34.81 on Monday. Dropbox, Inc. has a twelve month low of $21.69 and a twelve month high of $35.72. The business has a 50-day moving average price of $29.08 and a 200-day moving average price of $26.47. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 3.81 and a beta of 0.64.

Dropbox (NASDAQ:DBX) last issued its earnings results on Thursday, August 6th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Dropbox had a negative return on equity of 24.26% and a net margin of 17.49%.The company had revenue of $631.50 million for the quarter, compared to the consensus estimate of $626.69 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Research analysts expect that Dropbox, Inc. will post 2.09 EPS for the current fiscal year.

Dropbox Company Profile

Dropbox, Inc (NASDAQ: DBX) is a leading provider of cloud-based file storage, collaboration, and productivity tools. Founded in 2007 and headquartered in San Francisco, California, the company offers a suite of services designed to help individuals and organizations securely store, share, and manage digital content. Dropbox has grown from a simple file-syncing application into an integrated collaboration platform used by millions of customers around the globe.

At its core, Dropbox provides cloud storage plans tailored for consumers and businesses.