Fisher Asset Management LLC Boosts Stock Holdings in Box, Inc. (NYSE:BOX)

Fisher Asset Management LLC grew its holdings in Box, Inc. (NYSE:BOX - Free Report) by 420.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 857,498 shares of the software maker's stock after purchasing an additional 692,784 shares during the period. Fisher Asset Management LLC owned approximately 0.60% of BOX worth $27,097,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BOX. Charles Schwab Investment Management Inc. grew its position in BOX by 10.8% in 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 acquiring an additional 134,175 shares during the last quarter. Versor Investments LP bought a new stake in shares of BOX during the 3rd quarter valued at approximately $1,221,000. Townsquare Capital LLC acquired a new position in BOX during the 3rd quarter worth approximately $2,021,000. Robeco Institutional Asset Management B.V. bought a new position in BOX in the 4th quarter valued at approximately $981,000. Finally, Petrus Trust Company LTA bought a new stake in BOX during the 3rd quarter worth $615,000. Institutional investors and hedge funds own 86.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. William Blair restated an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Bank of America initiated coverage on BOX in a research note on Thursday, December 12th. They issued a "buy" rating and a $40.00 price target for the company. DA Davidson assumed coverage on BOX in a research note on Wednesday, December 18th. They issued a "buy" rating and a $45.00 price objective on the stock. Finally, Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.89.

BOX Trading Up 0.2 %

NYSE BOX traded up $0.05 on Monday, hitting $32.75. 1,770,651 shares of the company were exchanged, compared to its average volume of 1,438,079. The stock has a fifty day moving average of $32.78 and a 200-day moving average of $32.58. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The company has a market cap of $4.71 billion, a PE ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.88.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.05, for a total value of $403,650.00. Following the transaction, the chief financial officer now owns 1,466,684 shares of the company's stock, valued at approximately $45,540,538.20. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the sale, the chief operating officer now owns 453,146 shares of the company's stock, valued at $14,432,700.10. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock valued at $2,889,758 over the last ninety days. 4.10% of the stock is owned by company insiders.

BOX Company 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.