State Street Corp Buys 69,107 Shares of Box, Inc. (NYSE:BOX)

State Street Corp raised its stake in Box, Inc. (NYSE:BOX - Free Report) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,623,032 shares of the software maker's stock after buying an additional 69,107 shares during the period. State Street Corp owned approximately 3.93% of BOX worth $184,042,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BOX. Earnest Partners LLC lifted its holdings in shares of BOX by 8.5% during the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker's stock valued at $210,487,000 after purchasing an additional 620,450 shares during the last quarter. Sei Investments Co. lifted its stake in BOX by 4.2% during the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker's stock valued at $81,405,000 after buying an additional 125,435 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker's stock worth $67,809,000 after buying an additional 229,314 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of BOX by 1.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker's stock worth $79,376,000 after acquiring an additional 44,190 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of BOX by 7.0% in the second quarter. Renaissance Technologies LLC now owns 1,846,502 shares of the software maker's stock worth $48,822,000 after acquiring an additional 120,076 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Stock Performance

NYSE BOX traded down $0.54 during trading on Friday, reaching $32.48. 949,039 shares of the company traded hands, compared to its average volume of 2,009,821. Box, Inc. has a 1-year low of $24.28 and a 1-year high of $35.74. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 40.60 and a beta of 0.86. The stock's 50 day moving average price is $33.10 and its two-hundred day moving average price is $30.14.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America began coverage on shares of BOX in a research note on Thursday. They issued a "buy" rating and a $40.00 price objective for the company. Citigroup lifted their price target on BOX from $34.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Morgan Stanley upped their price target on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 4th. UBS Group raised their price objective on BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Monness Crespi & Hardt upgraded BOX to a "hold" rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and an average price target of $34.75.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the sale, the chief executive officer now directly owns 2,999,155 shares of the company's stock, valued at approximately $97,592,503.70. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.33, for a total transaction of $420,290.00. Following the sale, the chief financial officer now directly owns 1,448,509 shares of the company's stock, valued at approximately $46,830,295.97. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,386 shares of company stock valued at $1,891,350 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

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.