Assenagon Asset Management S.A. Grows Stake in Box, Inc. (NYSE:BOX)

Assenagon Asset Management S.A. lifted its stake in Box, Inc. (NYSE:BOX - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 343,875 shares of the software maker's stock after purchasing an additional 88,900 shares during the quarter. Assenagon Asset Management S.A. owned about 0.24% of BOX worth $10,866,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BOX. Itau Unibanco Holding S.A. bought a new position in shares of BOX in the third quarter worth about $36,000. GAMMA Investing LLC lifted its holdings in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock worth $44,000 after buying an additional 787 shares during the period. Quarry LP boosted its position in BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker's stock valued at $37,000 after acquiring an additional 1,084 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX in the 2nd quarter valued at $53,000. Finally, Farther Finance Advisors LLC raised its holdings in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock worth $71,000 after purchasing an additional 1,536 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the sale, the chief executive officer now owns 2,999,155 shares of the company's stock, valued at $97,592,503.70. This represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,383 shares of company stock worth $2,571,983. 4.10% of the stock is owned by corporate insiders.

BOX Trading Up 0.2 %

BOX stock traded up $0.07 during mid-day trading on Friday, reaching $31.57. The company's stock had a trading volume of 1,618,342 shares, compared to its average volume of 1,203,904. The stock has a market cap of $4.54 billion, a PE ratio of 39.46, a P/E/G ratio of 5.59 and a beta of 0.89. The company's 50 day moving average is $32.71 and its two-hundred day moving average is $31.10. Box, Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $35.74.

Wall Street Analysts Forecast Growth

BOX has been the subject of several analyst reports. William Blair reiterated an "outperform" rating on shares of BOX in a report on Thursday, November 14th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Citigroup lifted their price target on BOX from $34.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. Finally, DA Davidson began coverage on BOX in a research report on Wednesday, December 18th. They issued a "buy" rating and a $45.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.89.

BOX Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.