Atom Investors LP Takes $677,000 Position in Box, Inc. (NYSE:BOX)

Atom Investors LP acquired a new position in Box, Inc. (NYSE:BOX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,678 shares of the software maker's stock, valued at approximately $677,000.

A number of other large investors also recently modified their holdings of BOX. Congress Asset Management Co. purchased a new position in shares of BOX in the 3rd quarter worth about $46,236,000. Earnest Partners LLC raised its holdings in shares of BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker's stock valued at $210,487,000 after buying an additional 620,450 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of BOX by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker's stock valued at $67,809,000 after buying an additional 229,314 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of BOX by 143.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker's stock valued at $6,742,000 after buying an additional 150,309 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock valued at $44,900,000 after buying an additional 134,175 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Performance

Shares of NYSE BOX traded down $2.63 during trading on Wednesday, reaching $31.79. The stock had a trading volume of 5,259,895 shares, compared to its average volume of 2,006,665. Box, Inc. has a one year low of $23.29 and a one year high of $35.74. The stock has a market cap of $4.55 billion, a PE ratio of 40.24 and a beta of 0.86. The firm's 50 day moving average price is $33.07 and its two-hundred day moving average price is $29.84.

Insider Activity at BOX

In related news, Director Jack R. Lazar sold 2,500 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $927,720.75. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the transaction, the chief financial officer now owns 1,461,509 shares of the company's stock, valued at $49,998,222.89. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock worth $1,711,135 in the last 90 days. 4.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on BOX. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday. UBS Group raised their target price on BOX from $34.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday. Monness Crespi & Hardt upgraded BOX to a "hold" rating in a report on Friday, August 16th. Citigroup lifted their price objective on BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.11.

BOX Company 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.