Dropbox, Inc. (NASDAQ:DBX) Stock Holdings Boosted by Ceera Investments LLC

Ceera Investments LLC lifted its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 6.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 226,676 shares of the company’s stock after acquiring an additional 13,726 shares during the period. Dropbox accounts for 2.2% of Ceera Investments LLC’s portfolio, making the stock its 12th biggest holding. Ceera Investments LLC owned about 0.07% of Dropbox worth $5,764,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Dropbox by 0.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 89,157 shares of the company’s stock valued at $2,267,000 after acquiring an additional 383 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in Dropbox by 6.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 9,725 shares of the company’s stock valued at $219,000 after acquiring an additional 597 shares during the last quarter. Tobam lifted its holdings in Dropbox by 4.1% in the 2nd quarter. Tobam now owns 19,642 shares of the company’s stock valued at $441,000 after acquiring an additional 767 shares during the last quarter. Quarry LP lifted its stake in Dropbox by 81.1% during the second quarter. Quarry LP now owns 1,965 shares of the company’s stock valued at $44,000 after buying an additional 880 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Dropbox by 274.0% during the second quarter. GAMMA Investing LLC now owns 1,238 shares of the company’s stock valued at $28,000 after buying an additional 907 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.

Insider Buying and Selling

In other news, CEO Andrew Houston sold 351,306 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $25.12, for a total value of $8,824,806.72. Following the completion of the sale, the chief executive officer now directly owns 8,266,666 shares of the company’s stock, valued at approximately $207,658,649.92. This represents a 4.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy Regan sold 3,177 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.00, for a total value of $79,425.00. Following the completion of the sale, the chief financial officer now directly owns 481,747 shares of the company’s stock, valued at $12,043,675. This represents a 0.66 % decrease in their ownership of the stock. 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 Performance

NASDAQ:DBX opened at $27.06 on Friday. The stock’s 50 day moving average price is $25.75 and its 200 day moving average price is $23.88. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43. The company has a market capitalization of $8.38 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.72 and a beta of 0.61.

Analyst Ratings Changes

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 note on Friday, August 9th. Two 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.67.

About Dropbox

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.