Townsquare Capital LLC Purchases Shares of 61,746 Box, Inc. (NYSE:BOX)

Townsquare Capital LLC acquired a new position in Box, Inc. (NYSE:BOX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,746 shares of the software maker's stock, valued at approximately $2,021,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BOX. Quantbot Technologies LP acquired a new position in BOX during the third quarter worth approximately $2,859,000. Truvestments Capital LLC purchased a new position in shares of BOX in the third quarter valued at $221,000. Fisher Asset Management LLC grew its stake in shares of BOX by 4.6% during the third quarter. Fisher Asset Management LLC now owns 164,714 shares of the software maker's stock valued at $5,391,000 after acquiring an additional 7,292 shares in the last quarter. Algert Global LLC grew its stake in BOX by 80.3% during the 3rd quarter. Algert Global LLC now owns 140,390 shares of the software maker's stock valued at $4,595,000 after purchasing an additional 62,540 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock valued at $44,900,000 after acquiring an additional 134,175 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Transactions at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares of the company's stock, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the transaction, the chief financial officer now owns 1,500,661 shares of the company's stock, valued at $49,356,740.29. This trade represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,500 shares of company stock worth $1,711,135 over the last quarter. Company insiders own 4.10% of the company's stock.

BOX Stock Up 0.1 %

BOX traded up $0.02 during trading hours on Monday, hitting $35.11. 2,114,503 shares of the company's stock were exchanged, compared to its average volume of 1,989,723. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $35.74. The stock's 50-day moving average is $32.99 and its two-hundred day moving average is $29.73. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 44.68 and a beta of 0.85.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BOX. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. William Blair restated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley boosted their target price on shares of BOX from $30.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, September 5th. UBS Group increased their price target on BOX from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.22.

BOX Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.