Box, Inc. (NYSE:BOX) Shares Purchased by Aspiriant LLC

Aspiriant LLC raised its holdings in Box, Inc. (NYSE:BOX) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,048 shares of the software maker’s stock after acquiring an additional 427 shares during the period. Aspiriant LLC’s holdings in BOX were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BOX. Profit Investment Management LLC grew its stake in shares of BOX by 3.9% during the 4th quarter. Profit Investment Management LLC now owns 100,008 shares of the software maker’s stock valued at $3,160,000 after buying an additional 3,720 shares during the period. Assenagon Asset Management S.A. grew its position in BOX by 34.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 343,875 shares of the software maker’s stock valued at $10,866,000 after acquiring an additional 88,900 shares during the period. Myecfo LLC increased its stake in BOX by 5.0% during the fourth quarter. Myecfo LLC now owns 19,205 shares of the software maker’s stock worth $607,000 after acquiring an additional 906 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of BOX by 8.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 27,538 shares of the software maker’s stock worth $870,000 after purchasing an additional 2,205 shares during the period. Finally, CWA Asset Management Group LLC lifted its stake in shares of BOX by 60.7% in the 4th quarter. CWA Asset Management Group LLC now owns 23,875 shares of the software maker’s stock valued at $754,000 after purchasing an additional 9,016 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Stock Performance

BOX opened at $31.82 on Wednesday. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74. The company has a 50-day moving average of $32.61 and a 200-day moving average of $31.21. The company has a market capitalization of $4.57 billion, a P/E ratio of 39.78, a PEG ratio of 5.72 and a beta of 0.89.

Insider Activity at BOX

In other news, Director Jack R. Lazar sold 2,500 shares of the business’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 value of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 2,999,155 shares in the company, valued at $97,592,503.70. This trade represents a 0.33 % decrease in their ownership of the stock. 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 over the last three months. 4.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. 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 report on Wednesday, December 4th. DA Davidson initiated coverage on shares of BOX in a report on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price on the stock. Bank of America assumed coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target for the company. William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average target price of $35.89.

About BOX

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.