6,334 Shares in Box, Inc. (NYSE:BOX) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new position in shares of Box, Inc. (NYSE:BOX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,334 shares of the software maker’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOX. Charles Schwab Investment Management Inc. raised its position in BOX by 10.8% in the third 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. Versor Investments LP acquired a new stake in shares of BOX in the third quarter valued at about $1,221,000. Townsquare Capital LLC bought a new stake in BOX in the third quarter valued at approximately $2,021,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of BOX in the 4th quarter worth approximately $981,000. Finally, Petrus Trust Company LTA acquired a new stake in shares of BOX during the third quarter worth $615,000. Institutional investors own 86.74% of the company’s stock.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.32, for a total transaction of $446,160.00. Following the completion of the sale, the chief financial officer now directly owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the transaction, the chief executive officer now owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,041 shares of company stock worth $2,889,758 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

BOX Stock Up 1.3 %

Shares of NYSE:BOX opened at $35.09 on Thursday. The business’s 50 day moving average is $32.34 and its 200 day moving average is $31.95. Box, Inc. has a 12-month low of $24.56 and a 12-month high of $35.74. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 43.86, a PEG ratio of 4.40 and a beta of 0.88.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BOX. 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. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Citigroup raised 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. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, DA Davidson began coverage on BOX in a research note on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target on the stock. One 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

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.