Myecfo LLC Buys 906 Shares of Box, Inc. (NYSE:BOX)

Myecfo LLC raised its stake in Box, Inc. (NYSE:BOX) by 5.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,205 shares of the software maker’s stock after buying an additional 906 shares during the quarter. Myecfo LLC’s holdings in BOX were worth $607,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BOX. Central Pacific Bank Trust Division raised its stake in BOX by 9.6% during 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 in the last quarter. Glenmede Trust Co. NA increased its position 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 in the last quarter. Creative Planning lifted its stake in BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after purchasing an additional 631 shares during the last quarter. GAMMA Investing LLC boosted its position in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake 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 last quarter. 86.74% of the stock is owned by institutional investors.

BOX Price Performance

NYSE BOX opened at $31.23 on Tuesday. Box, Inc. has a one year low of $24.56 and a one year high of $35.74. The business has a 50 day simple moving average of $32.87 and a 200 day simple moving average of $30.99. The stock has a market capitalization of $4.49 billion, a P/E ratio of 39.04 and a beta of 0.89.

Insider Transactions at BOX

In related news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the transaction, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the sale, the chief financial officer now directly owns 1,461,509 shares of the company’s stock, valued at $49,998,222.89. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,383 shares of company stock valued at $2,571,983 in the last quarter. 4.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BOX shares. William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. UBS Group boosted their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Citigroup raised their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, DA Davidson began coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.89.

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.