18,777 Shares in Box, Inc. (NYSE:BOX) Purchased by Petrus Trust Company LTA

Petrus Trust Company LTA bought a new stake in Box, Inc. (NYSE:BOX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,777 shares of the software maker's stock, valued at approximately $615,000.

Several other large investors have also recently bought and sold shares of BOX. Tidal Investments LLC bought a new stake in BOX in the first quarter valued at approximately $391,000. Comerica Bank increased its position in shares of BOX by 964.7% during the first quarter. Comerica Bank now owns 85,081 shares of the software maker's stock worth $2,409,000 after acquiring an additional 77,090 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of BOX by 57.5% during the second quarter. Harbor Capital Advisors Inc. now owns 25,956 shares of the software maker's stock worth $686,000 after acquiring an additional 9,477 shares in the last quarter. SG Americas Securities LLC increased its position in shares of BOX by 80.7% during the second quarter. SG Americas Securities LLC now owns 15,794 shares of the software maker's stock worth $418,000 after acquiring an additional 7,053 shares in the last quarter. Finally, Diversified Trust Co increased its position in shares of BOX by 2.9% during the second quarter. Diversified Trust Co now owns 26,980 shares of the software maker's stock worth $713,000 after acquiring an additional 768 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

Insider Transactions at BOX

In other news, Director Jack R. Lazar sold 2,500 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the sale, the chief financial officer now owns 1,500,661 shares of the company's stock, valued at approximately $49,356,740.29. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,500 shares of company stock worth $1,711,135. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BOX shares. Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a research report on Friday, August 16th. Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday. UBS Group increased their price objective on shares of BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday. 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 report on Wednesday. Finally, StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.11.

BOX Price Performance

BOX stock traded up $0.27 during trading hours on Thursday, reaching $32.04. The stock had a trading volume of 3,469,488 shares, compared to its average volume of 2,012,906. The stock has a 50-day simple moving average of $33.06 and a 200 day simple moving average of $29.85. The stock has a market capitalization of $4.59 billion, a PE ratio of 40.05 and a beta of 0.86. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.74.

BOX Company 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.