Fort Washington Investment Advisors Inc. OH Increases Stock Position in Box, Inc. (NYSE:BOX)

Fort Washington Investment Advisors Inc. OH increased its holdings in Box, Inc. (NYSE:BOX) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 704,583 shares of the software maker’s stock after acquiring an additional 61,660 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.49% of BOX worth $22,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOX. Itau Unibanco Holding S.A. purchased a new stake in shares of BOX in the third quarter valued at about $36,000. Quarry LP raised its stake in BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after acquiring an additional 1,084 shares during the last quarter. GAMMA Investing LLC lifted its position in BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the period. Toronto Dominion Bank purchased a new position in shares of BOX in the 2nd quarter valued at approximately $53,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,466,684 shares in the company, valued at $45,540,538.20. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total value of $193,980.89. Following the completion of the sale, the chief operating officer now directly owns 447,067 shares in the company, valued at approximately $14,265,907.97. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,462 shares of company stock worth $2,765,964. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the subject of several recent research reports. UBS Group increased 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 reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. Bank of America initiated coverage on shares of BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Finally, DA Davidson began coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

BOX Stock Down 1.4 %

NYSE:BOX opened at $31.40 on Thursday. The company has a market capitalization of $4.51 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 5.72 and a beta of 0.89. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74. The stock has a fifty day simple moving average of $32.54 and a 200-day simple moving average of $31.21.

BOX Company 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.