SCHEDULE: LSV Asset Management Discloses 6% Stake in Dropbox

LSV Asset Management has reported a 6.0% passive beneficial ownership stake in Dropbox, Inc.'s Class A Common Stock as of September 30, 2025.

Summary

• LSV Asset Management, a Delaware-based investment adviser, has filed a Schedule 13G indicating beneficial ownership of 11,613,642 shares of Dropbox, Inc.'s Class A Common Stock.
• This ownership represents 6.0% of the Class A Common Stock outstanding.
• LSV Asset Management holds sole voting power over 6,942,829 shares and sole dispositive power over all 11,613,642 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Dropbox, Inc.
• The clients of LSV Asset Management, including funds and/or managed accounts, have the right to receive dividends or proceeds from the sale of these securities.

Sentiment

Score: 6

Explanation: The filing indicates a significant passive institutional investment, which is generally a positive signal of confidence in the company, though it does not provide new operational or financial performance data.

Positives

• The disclosure of a 6.0% stake by a reputable investment adviser like LSV Asset Management signals institutional confidence in Dropbox, Inc.'s long-term value proposition.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure of a passive institutional investment in a publicly traded technology company. Such disclosures are common as investment managers adjust their portfolios based on their investment strategies and market conditions. Dropbox operates in the competitive cloud storage and collaboration software market, where institutional interest often reflects views on its market position and growth prospects.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by LSV Asset Management may be viewed positively, potentially reinforcing confidence in the company's stock.

Key Dates

Keywords

Dropbox, DBX, LSV Asset Management, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investment, Cloud Storage, Software