Weiss Asset Management LP Sells 622,950 Shares of Box, Inc. (NYSE:BOX)

Weiss Asset Management LP lessened its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 96.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,193 shares of the software maker's stock after selling 622,950 shares during the period. Weiss Asset Management LP's holdings in BOX were worth $857,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in shares of BOX during the third quarter worth $36,000. GAMMA Investing LLC grew its holdings in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock worth $44,000 after purchasing an additional 787 shares during the last quarter. Quarry LP lifted 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 valued at $37,000 after acquiring an additional 1,084 shares during the period. Toronto Dominion Bank acquired a new position in shares of BOX during the second quarter valued at $53,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of BOX by 245.4% during 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 during the period. Institutional investors own 86.74% of the company's stock.

BOX Stock Performance

NYSE:BOX traded up $0.08 during mid-day trading on Monday, hitting $32.58. The company had a trading volume of 2,231,035 shares, compared to its average volume of 2,013,637. The firm has a market cap of $4.67 billion, a P/E ratio of 40.63 and a beta of 0.86. The business's fifty day moving average is $33.04 and its two-hundred day moving average is $29.96. Box, Inc. has a fifty-two week low of $23.81 and a fifty-two week high of $35.74.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BOX. 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 note on Wednesday, December 4th. Citigroup upped their price target on BOX from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. 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. William Blair reaffirmed an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. Finally, StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

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 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 of the company's stock, valued at $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the sale, the chief financial officer now directly owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,500 shares of company stock valued at $1,711,135 over the last 90 days. 4.10% of the stock is owned by company insiders.

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.