California State Teachers Retirement System Purchases 32,041 Shares of Dropbox, Inc. $DBX

California State Teachers Retirement System grew its holdings in Dropbox, Inc. (NASDAQ:DBX) by 18.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,493 shares of the company’s stock after acquiring an additional 32,041 shares during the period. California State Teachers Retirement System’s holdings in Dropbox were worth $4,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DBX. Arbejdsmarkedets Tillaegspension purchased a new stake in Dropbox during the 4th quarter valued at approximately $22,050,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Dropbox by 22.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,518,534 shares of the company’s stock worth $70,015,000 after acquiring an additional 463,258 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Dropbox by 317.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 125,144 shares of the company’s stock worth $3,479,000 after purchasing an additional 95,146 shares in the last quarter. ING Groep NV bought a new position in shares of Dropbox during the 4th quarter valued at about $1,223,000. Finally, OP Asset Management Ltd purchased a new position in shares of Dropbox during the first quarter valued at about $3,196,000. Institutional investors own 94.84% of the company’s stock.

Analyst Ratings Changes

DBX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dropbox in a research note on Friday, July 31st. Citigroup increased their price target on shares of Dropbox from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Friday. William Blair upgraded Dropbox from an “underperform” rating to a “market perform” rating in a research report on Friday. Royal Bank Of Canada reissued an “outperform” rating on shares of Dropbox in a research report on Monday, June 1st. Finally, Wall Street Zen lowered shares of Dropbox from a “buy” rating to a “hold” rating in a research note on Saturday. 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. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $28.25.

Dropbox Price Performance

Shares of Dropbox stock opened at $34.81 on Friday. Dropbox, Inc. has a 1 year low of $21.69 and a 1 year high of $35.72. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 3.78 and a beta of 0.64. The firm’s 50-day moving average is $29.08 and its two-hundred day moving average is $26.46.

Dropbox (NASDAQ:DBX) last posted its earnings results on Thursday, August 6th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Dropbox had a negative return on equity of 25.65% and a net margin of 17.49%.The company had revenue of $631.50 million during the quarter, compared to analyst estimates of $626.69 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Dropbox’s revenue was up .9% on a year-over-year basis. On average, equities analysts expect that Dropbox, Inc. will post 2.09 earnings per share for the current year.

Insider Buying and Selling

In other Dropbox news, CEO Ashraf Alkarmi sold 22,700 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $27.86, for a total value of $632,422.00. Following the completion of the transaction, the chief executive officer owned 1,080,746 shares of the company’s stock, valued at approximately $30,109,583.56. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew William Moore sold 8,443 shares of Dropbox stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $27.57, for a total value of $232,773.51. Following the sale, the director directly owned 4,737 shares of the company’s stock, valued at $130,599.09. This trade represents a 64.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 130,945 shares of company stock worth $3,565,129 over the last ninety days. Company insiders own 35.48% of the company’s stock.

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

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.