Amalgamated Bank Cuts Stock Holdings in Box, Inc. (NYSE:BOX)

Amalgamated Bank reduced its stake in Box, Inc. (NYSE:BOX) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 41,841 shares of the software maker’s stock after selling 813 shares during the period. Amalgamated Bank’s holdings in BOX were worth $1,322,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Congress Asset Management Co. raised its position in shares of BOX by 17.5% during the 4th quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker’s stock valued at $52,445,000 after buying an additional 246,993 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 134,175 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in BOX during the third quarter valued at about $4,314,000. Assenagon Asset Management S.A. boosted its holdings in shares of BOX by 34.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 343,875 shares of the software maker’s stock worth $10,866,000 after purchasing an additional 88,900 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of BOX during the 3rd quarter valued at about $2,859,000. 86.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction 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 transaction, the chief executive officer now owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total value of $209,239.18. Following the completion of the transaction, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at approximately $15,178,806.96. This trade represents a 1.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,041 shares of company stock worth $2,889,758. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BOX shares. Citigroup boosted their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, December 4th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Morgan Stanley increased their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 Stock Up 0.2 %

Shares of NYSE:BOX opened at $32.75 on Tuesday. The stock has a market capitalization 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. The firm’s 50 day moving average price is $32.78 and its 200-day moving average price is $32.58. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74.

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.