Parallax Volatility Advisers L.P. Has $3.14 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Parallax Volatility Advisers L.P. boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 598.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,906 shares of the software maker's stock after buying an additional 82,174 shares during the quarter. Parallax Volatility Advisers L.P. owned approximately 0.07% of BOX worth $3,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOX. Itau Unibanco Holding S.A. bought a new position in shares of BOX in the third quarter valued at about $36,000. Jacobs Levy Equity Management Inc. grew its stake in BOX by 1.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker's stock valued at $79,376,000 after buying an additional 44,190 shares during the last quarter. Janus Henderson Group PLC raised its holdings in BOX by 20.8% in the 3rd quarter. Janus Henderson Group PLC now owns 215,642 shares of the software maker's stock valued at $7,056,000 after acquiring an additional 37,178 shares during the period. Centiva Capital LP acquired a new stake in BOX during the third quarter worth approximately $304,000. Finally, Atom Investors LP bought a new stake in shares of BOX during the third quarter worth approximately $677,000. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

Shares of BOX stock traded up $0.44 on Friday, hitting $32.49. 1,968,955 shares of the company's stock were exchanged, compared to its average volume of 2,012,719. Box, Inc. has a 12 month low of $23.78 and a 12 month high of $35.74. The company has a 50 day moving average of $33.05 and a 200 day moving average of $29.87. The stock has a market cap of $4.65 billion, a P/E ratio of 39.91 and a beta of 0.86.

Insider Activity

In related news, Director Jack R. Lazar sold 2,500 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the sale, the director now owns 26,697 shares in the company, valued at $927,720.75. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value of $427,570.00. Following the completion of the transaction, the chief financial officer now owns 1,500,661 shares of the company's stock, valued at $49,356,740.29. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,500 shares of company stock worth $1,711,135. Corporate insiders own 4.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday. StockNews.com cut shares of BOX from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Monness Crespi & Hardt upgraded shares of BOX to a "hold" rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price target on shares of BOX in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.11.

BOX 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.