109,074 Shares in Dropbox, Inc. (NASDAQ:DBX) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of Dropbox, Inc. (NASDAQ:DBX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 109,074 shares of the company’s stock, valued at approximately $2,774,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of Dropbox by 63.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,455,407 shares of the company’s stock worth $167,523,000 after acquiring an additional 2,881,981 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Dropbox by 63.7% in the second 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 period. AQR Capital Management LLC lifted its stake in Dropbox by 39.7% during the second quarter. AQR Capital Management LLC now owns 3,021,962 shares of the company’s stock worth $67,360,000 after purchasing an additional 859,233 shares in the last quarter. Distillate Capital Partners LLC purchased a new position in shares of Dropbox during the second quarter worth $14,291,000. Finally, Renaissance Technologies LLC boosted its position in shares of Dropbox by 5.2% during the second 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. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Dropbox Stock Up 2.8 %

Shares of DBX stock opened at $27.64 on Friday. The firm has a 50 day moving average of $25.94 and a two-hundred day moving average of $23.96. The stock has a market capitalization of $8.56 billion, a PE ratio of 15.98, a P/E/G ratio of 1.49 and a beta of 0.61. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43.

Wall Street Analyst Weigh In

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

Insider Activity

In other Dropbox news, CEO Andrew Houston sold 3,493 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.00, for a total transaction of $87,325.00. Following the completion of the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at $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 available at this link. Also, insider Eric Cox sold 2,330 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.41, for a total transaction of $61,535.30. Following the completion of the sale, the insider now owns 321,871 shares in the company, valued at $8,500,613.11. The trade was a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 464,782 shares of company stock worth $11,673,797. Corporate insiders own 26.40% of the company’s stock.

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.