Oppenheimer Asset Management Inc. Raises Stock Position in Box, Inc. (NYSE:BOX)

Oppenheimer Asset Management Inc. increased its position in Box, Inc. (NYSE:BOX) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 55,180 shares of the software maker’s stock after acquiring an additional 556 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BOX were worth $1,744,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in BOX in the third quarter valued at $36,000. Farther Finance Advisors LLC raised its position in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after acquiring an additional 1,536 shares during the last quarter. KBC Group NV lifted its holdings in shares of BOX by 35.7% in the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock valued at $171,000 after purchasing an additional 1,420 shares in the last quarter. Central Pacific Bank Trust Division grew its position 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 valued at $192,000 after purchasing an additional 530 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in shares of BOX during the 4th quarter worth approximately $200,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Up 0.2 %

Shares of BOX opened at $32.75 on Tuesday. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74. The company’s fifty day moving average is $32.78 and its two-hundred day moving average is $32.58. The firm has a market cap of $4.71 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88.

Wall Street Analyst Weigh In

BOX has been the topic of a number of recent research reports. UBS Group upped their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 lifted their price target on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley raised 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

Insider Activity at BOX

In related news, VP Eli Berkovitch sold 4,792 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $32.46, for a total transaction of $155,548.32. Following the completion of the sale, the vice president now owns 140,172 shares of the company’s stock, valued at approximately $4,549,983.12. This represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.05, for a total transaction of $403,650.00. Following the transaction, the chief financial officer now directly owns 1,466,684 shares in the company, valued at approximately $45,540,538.20. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,041 shares of company stock worth $2,889,758. 4.10% of the stock is owned by insiders.

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.