Charles Schwab Investment Management Inc. Grows Stock Position in Box, Inc. (NYSE:BOX)

Charles Schwab Investment Management Inc. grew its stake in Box, Inc. (NYSE:BOX - Free Report) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,371,815 shares of the software maker's stock after purchasing an additional 134,175 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of BOX worth $44,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Earnest Partners LLC raised its holdings in shares of BOX by 8.5% during the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker's stock worth $210,487,000 after acquiring an additional 620,450 shares during the period. Sei Investments Co. boosted its position in BOX by 4.2% during the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker's stock worth $81,405,000 after acquiring an additional 125,435 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $67,809,000 after acquiring an additional 229,314 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of BOX by 7.0% in the second quarter. Renaissance Technologies LLC now owns 1,846,502 shares of the software maker's stock valued at $48,822,000 after purchasing an additional 120,076 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in BOX by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 1,603,725 shares of the software maker's stock worth $42,402,000 after purchasing an additional 104,228 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the sale, the chief executive officer now owns 3,009,155 shares of the company's stock, valued at $99,061,382.60. The trade was a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Thursday, October 10th. The stock was 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 directly owns 1,474,509 shares of the company's stock, valued at approximately $47,951,032.68. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,500 shares of company stock valued at $1,711,135. Corporate insiders own 4.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BOX shares. Citigroup raised their price objective on BOX from $32.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. UBS Group boosted their price objective on BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. William Blair reissued an "outperform" rating on shares of BOX in a report on Thursday, November 14th. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 15th. Finally, Monness Crespi & Hardt upgraded BOX to a "hold" rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.22.

BOX Stock Performance

BOX stock traded up $0.01 during mid-day trading on Monday, hitting $35.10. 2,128,217 shares of the company traded hands, compared to its average volume of 1,989,779. The stock has a fifty day moving average price of $32.99 and a 200-day moving average price of $29.73. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 44.68 and a beta of 0.85. Box, Inc. has a one year low of $23.29 and a one year high of $35.74.

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.