Natixis Advisors LLC Buys New Holdings in Dropbox, Inc. (NASDAQ:DBX)

Natixis Advisors LLC purchased a new position in shares of Dropbox, Inc. (NASDAQ:DBX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,620 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in DBX. GAMMA Investing LLC increased its holdings in shares of Dropbox by 274.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,238 shares of the company’s stock worth $28,000 after purchasing an additional 907 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Dropbox in the third quarter worth $28,000. Fifth Third Bancorp increased its stake in shares of Dropbox by 548.8% during the second quarter. Fifth Third Bancorp now owns 1,382 shares of the company’s stock valued at $31,000 after buying an additional 1,169 shares during the period. V Square Quantitative Management LLC purchased a new position in Dropbox in the third quarter valued at about $31,000. Finally, Quarry LP grew its stake in shares of Dropbox by 81.1% during the second quarter. Quarry LP now owns 1,965 shares of the company’s stock worth $44,000 after acquiring an additional 880 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Dropbox Stock Down 1.3 %

Shares of Dropbox stock opened at $28.00 on Friday. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43. The business’s fifty day simple moving average is $26.36 and its 200-day simple moving average is $24.15. The firm has a market cap of $8.67 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $27.17, for a total transaction of $67,925.00. Following the completion of the sale, the chief financial officer now directly owns 436,264 shares of the company’s stock, valued at approximately $11,853,292.88. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Houston sold 3,493 shares of Dropbox stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $25.00, for a total value 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. This represents a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 464,782 shares of company stock valued at $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.