Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,081 shares of the software maker's stock after selling 12,720 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in BOX were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Matisse Capital increased its position in BOX by 30.4% during the 4th quarter. Matisse Capital now owns 15,000 shares of the software maker's stock worth $474,000 after purchasing an additional 3,500 shares in the last quarter. OLD National Bancorp IN purchased a new stake in BOX during the 4th quarter worth about $203,000. Smith Group Asset Management LLC increased its position in BOX by 14.8% during the 4th quarter. Smith Group Asset Management LLC now owns 18,645 shares of the software maker's stock worth $589,000 after purchasing an additional 2,407 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in BOX during the 4th quarter worth about $981,000. Finally, Pacer Advisors Inc. increased its position in BOX by 14.8% during the 4th quarter. Pacer Advisors Inc. now owns 7,974 shares of the software maker's stock worth $252,000 after purchasing an additional 1,027 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.
BOX Stock Down 0.2 %
Shares of NYSE BOX traded down $0.05 during midday trading on Friday, hitting $35.34. The stock had a trading volume of 1,072,138 shares, compared to its average volume of 1,336,192. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 44.17, a PEG ratio of 4.40 and a beta of 0.88. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74. The company has a fifty day moving average price of $32.46 and a 200 day moving average price of $32.08.
Insider Activity at BOX
In related news, Director Daniel J. Levin sold 5,886 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $32.50, for a total transaction of $191,295.00. Following the sale, the director now directly owns 51,530 shares in the company, valued at approximately $1,674,725. This trade represents a 10.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the sale, the chief executive officer now owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,041 shares of company stock worth $2,889,758. 4.10% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. William Blair reissued an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. Bank of America assumed coverage on BOX in a research note on Thursday, December 12th. They issued a "buy" rating and a $40.00 price target on the stock. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, December 4th. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. One equities research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.89.
Check Out Our Latest Research Report on BOX
BOX Profile
(
Free Report)
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.
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