Centiva Capital LP Sells 71,200 Shares of Dropbox, Inc. (NASDAQ:DBX)

Centiva Capital LP decreased its position in shares of Dropbox, Inc. (NASDAQ:DBX) by 51.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,979 shares of the company’s stock after selling 71,200 shares during the period. Centiva Capital LP’s holdings in Dropbox were worth $1,678,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DBX. Pacer Advisors Inc. raised its stake in Dropbox by 63.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,455,407 shares of the company’s stock worth $167,523,000 after purchasing an additional 2,881,981 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Dropbox by 63.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,536,412 shares of the company’s stock valued at $56,994,000 after buying an additional 986,942 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Dropbox by 39.7% in the second quarter. AQR Capital Management LLC now owns 3,021,962 shares of the company’s stock valued at $67,360,000 after buying an additional 859,233 shares during the period. Distillate Capital Partners LLC acquired a new stake in Dropbox during the second quarter worth approximately $14,291,000. Finally, Renaissance Technologies LLC increased its stake in Dropbox by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,314,233 shares of the company’s stock worth $231,761,000 after acquiring an additional 506,200 shares during the period. Institutional investors own 94.84% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Dropbox

In other Dropbox news, CFO Timothy Regan sold 3,177 shares of Dropbox stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $25.00, for a total transaction of $79,425.00. Following the transaction, the chief financial officer now directly owns 481,747 shares of the company’s stock, valued at approximately $12,043,675. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $61,535.30. Following the transaction, the insider now owns 321,871 shares of the company’s stock, valued at $8,500,613.11. This trade represents a 0.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 464,782 shares of company stock worth $11,673,797. Insiders own 26.40% of the company’s stock.

Dropbox Stock Performance

Shares of DBX opened at $28.73 on Wednesday. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.59 and a beta of 0.63. The stock has a fifty day moving average of $26.57 and a 200-day moving average of $24.25.

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.