131,795 Shares in Box, Inc. (NYSE:BOX) Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Box, Inc. (NYSE:BOX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 131,795 shares of the software maker’s stock, valued at approximately $4,314,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.09% of BOX as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOX. FORA Capital LLC acquired a new position in shares of BOX in the third quarter worth $1,377,000. Glenmede Trust Co. NA boosted its position in BOX by 1.6% during the third quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock valued at $1,116,000 after purchasing an additional 535 shares during the last quarter. Bridgewater Associates LP increased its position in BOX by 15.4% in the 3rd quarter. Bridgewater Associates LP now owns 113,272 shares of the software maker’s stock worth $3,707,000 after purchasing an additional 15,119 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of BOX during the 3rd quarter worth about $2,021,000. Finally, Quantbot Technologies LP acquired a new stake in shares of BOX during the 3rd quarter valued at about $2,859,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Up 0.0 %

Shares of NYSE:BOX opened at $35.10 on Tuesday. The business has a 50 day moving average price of $32.99 and a 200 day moving average price of $29.73. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 44.43 and a beta of 0.85. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.74.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research reports. Citigroup increased their price objective on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley increased their price target on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. Finally, StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

Insider Activity

In other news, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the transaction, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the sale, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,500 shares of company stock valued at $1,711,135. 4.10% of the stock is owned by company insiders.

About BOX

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.