Versor Investments LP Has $363,000 Stake in Dropbox, Inc. (NASDAQ:DBX)

Versor Investments LP increased its position in Dropbox, Inc. (NASDAQ:DBX) by 26.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,289 shares of the company’s stock after buying an additional 3,000 shares during the period. Versor Investments LP’s holdings in Dropbox were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DBX. Pacer Advisors Inc. raised its holdings in Dropbox by 63.0% during the second quarter. Pacer Advisors Inc. now owns 7,455,407 shares of the company’s stock valued at $167,523,000 after buying an additional 2,881,981 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 986,942 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Dropbox by 39.7% in the 2nd 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 during the last quarter. Distillate Capital Partners LLC acquired a new stake in Dropbox in the 2nd quarter worth approximately $14,291,000. Finally, Acadian Asset Management LLC boosted its position in Dropbox by 18.7% during the first quarter. Acadian Asset Management LLC now owns 3,279,401 shares of the company’s stock worth $79,664,000 after purchasing an additional 517,052 shares during the period. Institutional investors own 94.84% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group dropped their price target 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 equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.67.

Insider Transactions at Dropbox

In other Dropbox news, CEO Andrew Houston sold 66,064 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $25.00, for a total value of $1,651,600.00. Following the completion of the transaction, the chief executive officer now owns 8,266,666 shares of the company’s stock, valued at $206,666,650. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy Regan sold 2,500 shares of Dropbox stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $24.35, for a total value of $60,875.00. Following the sale, the chief financial officer now directly owns 485,724 shares in the company, 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. Over the last quarter, insiders have sold 459,952 shares of company stock worth $11,544,337. Insiders own 26.40% of the company’s stock.

Dropbox Stock Down 2.2 %

DBX opened at $27.06 on Friday. The stock’s 50 day moving average price is $25.67 and its two-hundred day moving average price is $23.86. The firm has a market capitalization of $8.81 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.61. Dropbox, Inc. has a 12-month low of $20.68 and a 12-month high of $33.43.

Dropbox 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.