Burney Co. Sells 584 Shares of Box, Inc. (NYSE:BOX)

Burney Co. reduced its stake in shares of Box, Inc. (NYSE:BOX) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 33,262 shares of the software maker’s stock after selling 584 shares during the quarter. Burney Co.’s holdings in BOX were worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Central Pacific Bank Trust Division lifted its stake in shares of BOX by 9.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock worth $192,000 after acquiring an additional 530 shares during the period. Glenmede Trust Co. NA raised its holdings in BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock worth $1,116,000 after purchasing an additional 535 shares during the last quarter. Creative Planning lifted its position in shares of BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after purchasing an additional 631 shares during the period. GAMMA Investing LLC boosted its stake in shares of BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of BOX by 1.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 69,211 shares of the software maker’s stock worth $2,265,000 after buying an additional 834 shares during the period. Institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the transaction, 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. In the last three months, insiders have sold 79,383 shares of company stock worth $2,571,983. Corporate insiders own 4.10% of the company’s stock.

BOX Stock Down 0.5 %

Shares of BOX stock opened at $31.54 on Friday. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The business has a 50 day moving average price of $32.81 and a 200-day moving average price of $31.03. The company has a market cap of $4.53 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 5.59 and a beta of 0.89.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BOX. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. Citigroup boosted their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a research note on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price for the company. William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, Bank of America assumed coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

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.