Box, Inc. (NYSE:BOX) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in shares of Box, Inc. (NYSE:BOX) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,694 shares of the software maker’s stock after purchasing an additional 2,407 shares during the period. Exchange Traded Concepts LLC’s holdings in BOX were worth $1,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BOX. Congress Asset Management Co. purchased a new stake in shares of BOX in the third quarter valued at $46,236,000. Charles Schwab Investment Management Inc. raised its stake in BOX by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after purchasing an additional 134,175 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in BOX in the 3rd quarter valued at about $4,314,000. Profit Investment Management LLC acquired a new stake in shares of BOX during the 3rd quarter worth about $3,152,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of BOX by 34.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 343,875 shares of the software maker’s stock worth $10,866,000 after buying an additional 88,900 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Trading Up 0.2 %

NYSE:BOX opened at $31.53 on Monday. Box, Inc. has a twelve month low of $24.56 and a twelve month high of $35.74. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 5.70 and a beta of 0.89. The firm’s fifty day simple moving average is $32.45 and its 200 day simple moving average is $31.34.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total transaction of $325,400.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $31.91, for a total transaction of $193,980.89. Following the sale, the chief operating officer now directly owns 447,067 shares in the company, valued at $14,265,907.97. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,462 shares of company stock worth $2,765,964 over the last quarter. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BOX shares. Bank of America initiated coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, BOX has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

BOX 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.