Fifth Third Bancorp Sells 24,547 Shares of Box, Inc. (NYSE:BOX)

Fifth Third Bancorp trimmed its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 29.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,516 shares of the software maker's stock after selling 24,547 shares during the quarter. Fifth Third Bancorp's holdings in BOX were worth $1,849,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new position in shares of BOX during the 3rd quarter valued at about $36,000. Quarry LP boosted its position in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker's stock worth $37,000 after purchasing an additional 1,084 shares during the period. GAMMA Investing LLC grew its holdings in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock valued at $44,000 after purchasing an additional 787 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of BOX in the second quarter valued at approximately $53,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock worth $71,000 after buying an additional 1,536 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Price Performance

Shares of BOX stock traded down $0.40 during midday trading on Wednesday, hitting $33.24. 1,416,937 shares of the company were exchanged, compared to its average volume of 1,474,880. The firm has a 50 day simple moving average of $32.42 and a 200-day simple moving average of $31.46. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The firm has a market cap of $4.78 billion, a P/E ratio of 41.54, a PEG ratio of 5.70 and a beta of 0.89.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 4th. StockNews.com downgraded BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. UBS Group boosted their price objective on BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Bank of America started coverage on BOX in a research note on Thursday, December 12th. They set a "buy" rating and a $40.00 target price for the company. Finally, Citigroup lifted their price target on BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.89.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the business'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 transaction, the chief executive officer now owns 2,999,155 shares of the company's stock, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 12,414 shares of BOX stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the transaction, the chief operating officer now directly owns 453,146 shares of the company's stock, valued at $14,432,700.10. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,462 shares of company stock valued at $2,765,964. 4.10% of the stock is currently owned by company insiders.

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.