Public Employees Retirement System of Ohio Decreases Stock Holdings in Dropbox, Inc. (NASDAQ:DBX)

Public Employees Retirement System of Ohio lowered its holdings in Dropbox, Inc. (NASDAQ:DBX) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,771 shares of the company’s stock after selling 12,152 shares during the period. Public Employees Retirement System of Ohio’s holdings in Dropbox were worth $3,732,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of Dropbox by 5.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,314,233 shares of the company’s stock valued at $231,761,000 after acquiring an additional 506,200 shares during the period. Pacer Advisors Inc. increased its position in Dropbox by 4.5% in the third quarter. Pacer Advisors Inc. now owns 7,788,652 shares of the company’s stock worth $198,065,000 after buying an additional 333,245 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Dropbox by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 6,239,493 shares of the company’s stock worth $158,670,000 after buying an additional 365,893 shares during the last quarter. LSV Asset Management raised its stake in shares of Dropbox by 9.2% in the second quarter. LSV Asset Management now owns 3,742,292 shares of the company’s stock valued at $84,089,000 after buying an additional 314,862 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Dropbox by 39.7% during the 2nd 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 last quarter. Institutional investors own 94.84% of the company’s stock.

Insiders Place Their Bets

In other news, insider Eric Cox sold 2,330 shares of Dropbox stock in a transaction on Monday, November 18th. The stock was sold at an average price of $26.41, for a total value of $61,535.30. Following the completion of the transaction, the insider now directly owns 321,871 shares in the company, valued at approximately $8,500,613.11. The trade was a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Houston sold 3,493 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.00, for a total value of $87,325.00. Following the sale, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $206,666,650. The trade was a 0.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 731,381 shares of company stock worth $19,446,607 over the last quarter. 26.40% of the stock is currently owned by company insiders.

Dropbox Stock Performance

DBX stock opened at $29.77 on Monday. Dropbox, Inc. has a fifty-two week low of $20.68 and a fifty-two week high of $33.43. The stock has a fifty day moving average of $27.22 and a 200-day moving average of $24.59. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.68 and a beta of 0.63.

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.