Peregrine Capital Management LLC Has $16.40 Million Stock Position in Box, Inc. (NYSE:BOX)

Peregrine Capital Management LLC increased its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 519,010 shares of the software maker's stock after purchasing an additional 9,009 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.36% of BOX worth $16,401,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BOX. Itau Unibanco Holding S.A. acquired a new stake in BOX in the 3rd quarter valued at about $36,000. Farther Finance Advisors LLC increased its position in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock valued at $71,000 after acquiring an additional 1,536 shares in the last quarter. KBC Group NV increased its position in BOX by 35.7% in the 4th quarter. KBC Group NV now owns 5,403 shares of the software maker's stock valued at $171,000 after acquiring an additional 1,420 shares in the last quarter. Central Pacific Bank Trust Division increased its position in BOX by 9.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker's stock valued at $192,000 after acquiring an additional 530 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in BOX in the 4th quarter valued at about $200,000. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Stock Down 3.5 %

BOX stock traded down $1.20 during midday trading on Friday, hitting $33.48. 2,063,148 shares of the stock were exchanged, compared to its average volume of 1,360,609. The company has a fifty day simple moving average of $32.68 and a two-hundred day simple moving average of $32.28. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The stock has a market capitalization of $4.81 billion, a PE ratio of 41.85, a P/E/G ratio of 4.49 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. DA Davidson assumed coverage on shares of BOX in a research report on Wednesday, December 18th. They issued a "buy" rating and a $45.00 price objective for the company. StockNews.com cut shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Citigroup raised their target price on shares of BOX from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. UBS Group raised their target price on shares of BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Finally, Bank of America started coverage on shares of BOX in a research note on Thursday, December 12th. They issued a "buy" rating and a $40.00 target price on the stock. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.89.

Insider Buying and Selling

In related news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eli Berkovitch sold 4,792 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $32.46, for a total transaction of $155,548.32. Following the sale, the vice president now owns 140,172 shares in the company, valued at $4,549,983.12. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock valued at $2,889,758 in the last 90 days. 4.10% of the stock is owned by 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.