Box, Inc. (NYSE:BOX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Box, Inc. (NYSE:BOX - Free Report) by 45.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 369,998 shares of the software maker's stock after selling 308,637 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of BOX worth $12,110,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BOX. Quarry LP increased its stake in shares of BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker's stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC boosted its holdings in BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock worth $44,000 after buying an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new stake in BOX during the 2nd quarter worth approximately $53,000. Nisa Investment Advisors LLC raised its holdings in shares of BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock valued at $69,000 after acquiring an additional 632 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of BOX by 245.4% in the third 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. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Up 1.4 %

BOX stock traded up $0.45 during mid-day trading on Friday, hitting $32.50. 1,968,970 shares of the company were exchanged, compared to its average volume of 2,021,248. The business has a fifty day simple moving average of $33.04 and a 200-day simple moving average of $29.93. The firm has a market capitalization of $4.65 billion, a P/E ratio of 40.63 and a beta of 0.86. Box, Inc. has a 12-month low of $23.78 and a 12-month high of $35.74.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on 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 in the company, valued at approximately $49,356,740.29. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction that occurred 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 approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,500 shares of company stock valued at $1,711,135. Company insiders own 4.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price target on shares of BOX in a research report on Wednesday. UBS Group upped their target price on shares of BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup raised their price target on shares of BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday. Monness Crespi & Hardt upgraded shares of BOX to a "hold" rating in a research report on Friday, August 16th. Finally, William Blair reiterated an "outperform" rating on shares of BOX in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $34.00.

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.