10,620 Shares in Dropbox, Inc. (NASDAQ:DBX) Purchased by Natixis Advisors LLC

Natixis Advisors LLC bought a new stake in Dropbox, Inc. (NASDAQ:DBX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,620 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. grew its stake in Dropbox by 0.4% in the third quarter. Assenagon Asset Management S.A. now owns 89,157 shares of the company’s stock valued at $2,267,000 after purchasing an additional 383 shares in the last quarter. iA Global Asset Management Inc. raised its stake in shares of Dropbox by 6.5% during the second quarter. iA Global Asset Management Inc. now owns 9,725 shares of the company’s stock worth $219,000 after buying an additional 597 shares during the last quarter. Tobam boosted its position in shares of Dropbox by 4.1% during the second quarter. Tobam now owns 19,642 shares of the company’s stock worth $441,000 after purchasing an additional 767 shares in the last quarter. Quarry LP boosted its stake in Dropbox by 81.1% in the 2nd quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after purchasing an additional 880 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Dropbox by 274.0% in the second quarter. GAMMA Investing LLC now owns 1,238 shares of the company’s stock valued at $28,000 after acquiring an additional 907 shares during the last quarter. 94.84% of the stock is owned by institutional investors.

Dropbox Price Performance

Shares of Dropbox stock opened at $28.00 on Friday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The firm has a market capitalization of $8.67 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.60 and a beta of 0.61. The company’s 50 day moving average price is $26.36 and its two-hundred day moving average price is $24.15.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Dropbox news, insider Eric Cox sold 2,330 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.41, for a total transaction of $61,535.30. Following the sale, the insider now owns 321,871 shares in the company, valued at $8,500,613.11. This trade represents a 0.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Timothy Regan sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $24.35, for a total value of $60,875.00. Following the completion of the sale, the chief financial officer now owns 485,724 shares of the company’s stock, valued at $11,827,379.40. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,782 shares of company stock valued at $11,673,797 over the last quarter. 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.