Congress Asset Management Co. Has $52.45 Million Stock Position in Box, Inc. (NYSE:BOX)

Congress Asset Management Co. boosted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,659,646 shares of the software maker's stock after acquiring an additional 246,993 shares during the quarter. Congress Asset Management Co. owned 1.15% of BOX worth $52,445,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BOX. Charles Schwab Investment Management Inc. increased its position in BOX by 10.8% in 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 acquiring an additional 134,175 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new stake in BOX in the 3rd quarter valued at approximately $4,314,000. Assenagon Asset Management S.A. increased its position in BOX by 34.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 343,875 shares of the software maker's stock valued at $10,866,000 after acquiring an additional 88,900 shares during the period. Quantbot Technologies LP acquired a new stake in BOX in the 3rd quarter valued at approximately $2,859,000. Finally, Parallax Volatility Advisers L.P. increased its position in BOX by 598.4% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 95,906 shares of the software maker's stock valued at $3,139,000 after acquiring an additional 82,174 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BOX has been the topic of several research analyst reports. Bank of America initiated coverage on BOX in a research report on Thursday, December 12th. They set a "buy" rating and a $40.00 price target on the stock. Morgan Stanley lifted their price target on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 4th. DA Davidson initiated coverage on BOX in a research report on Wednesday, December 18th. They set a "buy" rating and a $45.00 price target on the stock. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. Finally, StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, BOX has an average rating of "Moderate Buy" and an average price target of $35.89.

Insider Transactions at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the sale, the chief executive officer now owns 2,999,155 shares of the company's stock, valued at $97,592,503.70. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel J. Levin sold 5,886 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $32.50, for a total value of $191,295.00. Following the completion of the sale, the director now directly owns 51,530 shares of the company's stock, valued at approximately $1,674,725. This trade represents a 10.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,041 shares of company stock valued at $2,889,758 over the last quarter. Company insiders own 4.10% of the company's stock.

BOX Stock Down 0.6 %

Shares of BOX stock traded down $0.23 during midday trading on Wednesday, hitting $35.12. The company's stock had a trading volume of 1,982,223 shares, compared to its average volume of 1,345,149. The firm has a market capitalization of $5.05 billion, a P/E ratio of 43.89, a PEG ratio of 4.51 and a beta of 0.88. The stock has a 50-day simple moving average of $32.57 and a 200-day simple moving average of $32.20. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74.

BOX Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.