Bridgewater Associates LP Buys 15,119 Shares of Box, Inc. (NYSE:BOX)

Bridgewater Associates LP increased its stake in Box, Inc. (NYSE:BOX - Free Report) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,272 shares of the software maker's stock after purchasing an additional 15,119 shares during the period. Bridgewater Associates LP owned approximately 0.08% of BOX worth $3,707,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. bought a new stake in BOX in the 3rd quarter worth $46,236,000. Earnest Partners LLC grew its position 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 acquiring an additional 620,450 shares during the period. Dimensional Fund Advisors LP lifted its holdings in BOX by 9.8% during the second 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 in the last quarter. Assenagon Asset Management S.A. boosted its stake in BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker's stock worth $6,742,000 after purchasing an additional 150,309 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of BOX by 10.8% during 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 purchasing an additional 134,175 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

Shares of BOX stock traded up $0.03 during trading hours on Friday, reaching $35.09. 756,447 shares of the company's stock were exchanged, compared to its average volume of 1,773,703. The company's 50 day moving average is $32.99 and its two-hundred day moving average is $29.69. The company has a market cap of $5.03 billion, a P/E ratio of 44.42 and a beta of 0.85. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.74.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the sale, the chief executive officer now owns 3,009,155 shares of the company's stock, valued at $99,061,382.60. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares in the company, valued at $47,951,032.68. The trade was a 0.87 % 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 valued at $1,711,135 over the last quarter. Corporate insiders own 4.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BOX shares. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. William Blair reiterated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley lifted their price target on BOX from $30.00 to $33.00 and gave the company an "equal weight" rating in a research report on Thursday, September 5th. StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 15th. Finally, Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.22.

About BOX

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.