Box, Inc. (NYSE:BOX) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its position in Box, Inc. (NYSE:BOX) by 629.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 161,865 shares of the software maker’s stock after acquiring an additional 139,664 shares during the period. Los Angeles Capital Management LLC’s holdings in BOX were worth $5,115,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in shares of BOX during the 3rd quarter worth $36,000. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 1,536 shares in the last quarter. KBC Group NV boosted its position in shares of BOX by 35.7% during the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock worth $171,000 after buying an additional 1,420 shares during the period. Central Pacific Bank Trust Division grew its stake 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 buying an additional 530 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in shares of BOX in the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Down 0.5 %

NYSE BOX opened at $32.38 on Friday. The firm has a 50-day moving average price of $32.75 and a 200 day moving average price of $32.45. The stock has a market capitalization of $4.65 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.88. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BOX. UBS Group boosted their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note 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. Morgan Stanley boosted their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Citigroup increased their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

Insiders Place Their Bets

In related news, VP Eli Berkovitch sold 4,792 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $32.46, for a total value of $155,548.32. Following the completion of the sale, the vice president now owns 140,172 shares in the company, valued at $4,549,983.12. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was 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 $97,592,503.70. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,041 shares of company stock worth $2,889,758. 4.10% of the stock is owned by corporate 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.