25,876 Shares in Box, Inc. (NYSE:BOX) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in Box, Inc. (NYSE:BOX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,876 shares of the software maker's stock, valued at approximately $818,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in BOX during the 3rd quarter worth approximately $36,000. Farther Finance Advisors LLC raised its stake in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock worth $71,000 after buying an additional 1,536 shares during the last quarter. KBC Group NV lifted its holdings in BOX by 35.7% in the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker's stock valued at $171,000 after buying an additional 1,420 shares during the period. Central Pacific Bank Trust Division lifted its holdings in BOX by 9.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker's stock valued at $192,000 after buying an additional 530 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in BOX during the fourth quarter valued at $200,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Trading Up 0.2 %

Shares of BOX traded up $0.05 on Monday, reaching $32.75. The company's stock had a trading volume of 1,431,687 shares, compared to its average volume of 1,421,058. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74. The stock has a market capitalization of $4.71 billion, a PE ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.88. The firm has a fifty day moving average of $32.76 and a 200-day moving average of $32.55.

Remove Ads

Analyst Ratings Changes

A number of brokerages have weighed in on BOX. Citigroup lifted their target price on BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. William Blair reiterated an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 4th. UBS Group raised their price target on shares of BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, BOX presently has an average rating of "Moderate Buy" and a consensus target price of $35.89.

Insider Activity

In related news, COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.42, for a total value of $209,239.18. Following the completion of the sale, the chief operating officer now directly owns 440,988 shares of the company's stock, valued at approximately $15,178,806.96. This represents a 1.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction 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 transaction, the chief financial officer now directly owns 1,448,509 shares in the company, valued at $46,830,295.97. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock worth $2,889,758 over the last 90 days. 4.10% of the stock is currently owned by corporate 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.