Barclays PLC Decreases Stake in Box, Inc. (NYSE:BOX)

Barclays PLC decreased its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 75.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,894 shares of the software maker's stock after selling 1,097,015 shares during the quarter. Barclays PLC owned about 0.25% of BOX worth $11,747,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BOX. SG Americas Securities LLC increased its stake in BOX by 80.7% during the 2nd quarter. SG Americas Securities LLC now owns 15,794 shares of the software maker's stock valued at $418,000 after purchasing an additional 7,053 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock valued at $69,000 after acquiring an additional 632 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of BOX by 1.2% in the 2nd quarter. Fifth Third Bancorp now owns 86,171 shares of the software maker's stock valued at $2,278,000 after acquiring an additional 1,052 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of BOX by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 72,600 shares of the software maker's stock valued at $1,920,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of BOX by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,603,725 shares of the software maker's stock valued at $42,402,000 after acquiring an additional 104,228 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 10,000 shares of the firm's 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 transaction, the chief executive officer now owns 2,999,155 shares of the company's stock, valued at approximately $97,592,503.70. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.33, for a total transaction of $420,290.00. Following the completion of the transaction, the chief financial officer now directly owns 1,448,509 shares of the company's stock, valued at approximately $46,830,295.97. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,386 shares of company stock valued at $1,891,350 over the last 90 days. 4.10% of the stock is owned by company insiders.

BOX Stock Down 0.2 %

BOX stock traded down $0.07 during mid-day trading on Tuesday, hitting $32.06. 1,239,660 shares of the company were exchanged, compared to its average volume of 2,004,921. The firm has a market capitalization of $4.61 billion, a P/E ratio of 40.08 and a beta of 0.86. The business has a fifty day simple moving average of $33.11 and a 200-day simple moving average of $30.27. Box, Inc. has a 12-month low of $24.28 and a 12-month high of $35.74.

Analysts Set New Price Targets

Several analysts have recently commented on BOX shares. Citigroup upped their price objective on shares of BOX from $34.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. UBS Group upped their price objective on shares of BOX from $34.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Bank of America initiated coverage on shares of BOX in a report on Thursday, December 12th. They issued a "buy" rating and a $40.00 price objective on the stock. 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, William Blair reissued an "outperform" rating on shares of BOX in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.75.

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.