BOX (NYSE:BOX) Now Covered by Bank of America

Equities research analysts at Bank of America initiated coverage on shares of BOX (NYSE:BOX - Get Free Report) in a report issued on Thursday, MarketBeat reports. The firm set a "buy" rating and a $40.00 price target on the software maker's stock. Bank of America's price target points to a potential upside of 21.47% from the stock's previous close.

Several other equities research analysts have also commented on BOX. William Blair restated an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. UBS Group increased their target price on BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Monness Crespi & Hardt upgraded BOX to a "hold" rating in a research note on Friday, August 16th. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.75.

BOX Trading Up 2.0 %

NYSE:BOX traded up $0.66 on Thursday, hitting $32.93. 950,485 shares of the stock were exchanged, compared to its average volume of 2,008,636. The stock has a market cap of $4.72 billion, a PE ratio of 40.33 and a beta of 0.86. The stock has a fifty day moving average of $33.07 and a 200-day moving average of $30.07. BOX has a fifty-two week low of $24.15 and a fifty-two week high of $35.74.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.21, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the transaction, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,500 shares of company stock worth $954,365 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Earnest Partners LLC lifted its holdings in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker's stock worth $210,487,000 after buying an additional 620,450 shares during the last quarter. State Street Corp lifted its holdings in BOX by 1.2% during the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker's stock worth $184,042,000 after buying an additional 69,107 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BOX by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock worth $106,387,000 after purchasing an additional 13,028 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of BOX by 4.2% in the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker's stock worth $81,405,000 after purchasing an additional 125,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 229,314 shares during the period. Institutional investors own 86.74% of the company's stock.

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.