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

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

Other institutional investors also recently made changes to their positions in the company. Aurora Investment Counsel lifted its position in shares of Dropbox by 18.0% during the 3rd quarter. Aurora Investment Counsel now owns 39,245 shares of the company’s stock valued at $998,000 after acquiring an additional 6,000 shares during the period. Advisors Asset Management Inc. increased its stake in Dropbox by 12.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 27,593 shares of the company’s stock valued at $702,000 after purchasing an additional 2,960 shares in the last quarter. IVY Lane Capital Management LLC purchased a new position in Dropbox in the 3rd quarter valued at approximately $3,179,000. Thrivent Financial for Lutherans raised its holdings in Dropbox by 12.6% during the third quarter. Thrivent Financial for Lutherans now owns 65,771 shares of the company’s stock worth $1,672,000 after purchasing an additional 7,385 shares during the last quarter. Finally, Ceera Investments LLC boosted its position in Dropbox by 6.4% during the third quarter. Ceera Investments LLC now owns 226,676 shares of the company’s stock worth $5,764,000 after purchasing an additional 13,726 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dropbox

In other news, insider Eric Cox sold 2,330 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.41, for a total value of $61,535.30. Following the completion of the transaction, the insider now owns 321,871 shares of the company’s stock, valued at $8,500,613.11. The trade was a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Houston sold 351,306 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $25.12, for a total transaction of $8,824,806.72. Following the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $207,658,649.92. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 464,782 shares of company stock valued at $11,673,797 over the last quarter. Insiders own 26.40% of the company’s stock.

Analysts Set New Price Targets

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

Dropbox Stock Performance

Dropbox stock opened at $27.64 on Friday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.49 and a beta of 0.61. The stock has a fifty day moving average of $25.94 and a two-hundred day moving average of $23.96.

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.