DBX - Elliott Management claims to be largest Dropbox shareholder after CEO Drew Houston

Paul Singer's Elliott Management has acquired a significant stake in Dropbox ([[DBX]] +5.4%), Wall Street Journal reported citing people familiar with the matter.Elliott claims to be the company's largest shareholder after CEO Drew Houston thereby indicating a more than 10% stake valued at $800M+.Quick look at ownership structure of Dropbox:Dropbox' modest valuation comparatively to peers in other cloud companies has made it the subject of persistent takeover speculation.Below shows a snapshot of Dropbox metrics compared to peers.Elliott's recent 13F filing indicated initiating positions in Facebook (FB) and some others.In the past 6 months trading, the stock has gained 33% while YTD stock has garnered 21%.Wall Street Analysts consensus rating is Bullish.

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Elliott Management claims to be largest Dropbox shareholder after CEO Drew Houston