Box, Inc. (NYSE:BOX) Shares Sold by Versor Investments LP

Versor Investments LP lowered its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 23.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,587 shares of the software maker's stock after selling 8,713 shares during the quarter. Versor Investments LP's holdings in BOX were worth $903,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock worth $44,900,000 after acquiring an additional 134,175 shares in the last quarter. Townsquare Capital LLC acquired a new stake in BOX in the 3rd quarter valued at $2,021,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of BOX during the fourth quarter worth about $981,000. Petrus Trust Company LTA purchased a new stake in shares of BOX in the third quarter worth about $615,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of BOX in the third quarter worth about $727,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Trading Up 0.2 %

BOX stock traded up $0.05 during midday trading on Monday, hitting $32.75. The stock had a trading volume of 1,732,208 shares, compared to its average volume of 1,437,117. The business has a fifty day moving average price of $32.76 and a 200 day moving average price of $32.55. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock has a market cap of $4.71 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.88.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on BOX shares. William Blair reissued an "outperform" rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley boosted 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, December 4th. Bank of America began coverage on shares of BOX in a research note on Thursday, December 12th. They issued a "buy" rating and a $40.00 target price for the company. Royal Bank of Canada reaffirmed an "underperform" rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, December 4th. Finally, UBS Group upped their price objective on shares of BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.89.

Insider Activity

In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.33, for a total value of $420,290.00. Following the completion of the transaction, the chief financial officer now 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,041 shares of company stock worth $2,889,758. 4.10% of the stock is currently owned by insiders.

BOX Company 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.