Dropbox, Inc. (NASDAQ:DBX) Shares Purchased by Seizert Capital Partners LLC

Seizert Capital Partners LLC grew its stake in shares of Dropbox, Inc. (NASDAQ:DBX) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 301,442 shares of the company’s stock after acquiring an additional 8,983 shares during the quarter. Seizert Capital Partners LLC’s holdings in Dropbox were worth $7,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in Dropbox by 63.0% in the second quarter. Pacer Advisors Inc. now owns 7,455,407 shares of the company’s stock valued at $167,523,000 after purchasing an additional 2,881,981 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Dropbox by 63.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,536,412 shares of the company’s stock valued at $56,994,000 after purchasing an additional 986,942 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Dropbox by 39.7% during the 2nd quarter. AQR Capital Management LLC now owns 3,021,962 shares of the company’s stock valued at $67,360,000 after buying an additional 859,233 shares during the period. Distillate Capital Partners LLC acquired a new stake in shares of Dropbox during the 2nd quarter worth $14,291,000. Finally, Renaissance Technologies LLC raised its position in shares of Dropbox by 5.2% in the 2nd quarter. Renaissance Technologies LLC now owns 10,314,233 shares of the company’s stock worth $231,761,000 after buying an additional 506,200 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

Insider Activity at Dropbox

In related news, CEO Andrew Houston sold 3,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.00, for a total transaction of $87,325.00. Following the transaction, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at approximately $206,666,650. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy Regan sold 2,500 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $24.35, for a total transaction of $60,875.00. Following the completion of the sale, the chief financial officer now directly owns 485,724 shares of the company’s stock, valued at $11,827,379.40. This trade represents a 0.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 459,952 shares of company stock worth $11,544,337. Corporate insiders own 26.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their price target on Dropbox from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dropbox presently has an average rating of “Hold” and an average price target of $28.67.

Dropbox Stock Down 2.2 %

Dropbox stock opened at $27.06 on Friday. The firm has a market capitalization of $8.81 billion, a P/E ratio of 15.64, a PEG ratio of 1.78 and a beta of 0.61. The firm has a fifty day moving average of $25.75 and a 200-day moving average of $23.88. Dropbox, Inc. has a 52-week low of $20.68 and a 52-week high of $33.43.

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.