Crossmark Global Holdings Inc. Reduces Position in Dropbox, Inc. (NASDAQ:DBX)

Crossmark Global Holdings Inc. decreased its holdings in shares of Dropbox, Inc. (NASDAQ:DBX) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,642 shares of the company’s stock after selling 6,027 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.06% of Dropbox worth $5,001,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Dropbox during the third quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Dropbox during the third quarter worth about $31,000. GAMMA Investing LLC lifted its position in shares of Dropbox by 274.0% during the second 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. Fifth Third Bancorp lifted its position in shares of Dropbox by 548.8% during the second quarter. Fifth Third Bancorp now owns 1,382 shares of the company’s stock worth $31,000 after purchasing an additional 1,169 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Dropbox by 2,479.4% in the third quarter. UMB Bank n.a. now owns 1,754 shares of the company’s stock valued at $45,000 after acquiring an additional 1,686 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Dropbox Stock Up 4.2 %

Shares of Dropbox stock opened at $28.17 on Tuesday. The firm has a market capitalization of $9.17 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.69 and a beta of 0.61. Dropbox, Inc. has a 52 week low of $20.68 and a 52 week high of $33.43. The firm’s 50 day moving average is $25.37 and its two-hundred day moving average is $23.75.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.67.

Insider Buying and Selling at Dropbox

In other Dropbox news, CFO Timothy Regan sold 2,500 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $24.35, for a total value of $60,875.00. Following the transaction, the chief financial officer now directly owns 485,724 shares in the company, valued at $11,827,379.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Timothy Regan sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $24.35, for a total transaction of $60,875.00. Following the transaction, the chief financial officer now directly owns 485,724 shares in the company, valued at approximately $11,827,379.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Houston sold 66,064 shares of the firm’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 transaction of $1,651,600.00. Following the transaction, the chief executive officer now owns 8,266,666 shares in the company, valued at approximately $206,666,650. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 459,952 shares of company stock worth $11,544,337 over the last three months. Insiders own 26.40% of the company’s stock.

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.