Box, Inc. (NYSE:BOX) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its holdings in shares of Box, Inc. (NYSE:BOX) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,425,176 shares of the software maker’s stock after purchasing an additional 44,190 shares during the period. Jacobs Levy Equity Management Inc. owned 1.69% of BOX worth $79,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its position in BOX by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock worth $1,116,000 after purchasing an additional 535 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of BOX by 3.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock worth $419,000 after purchasing an additional 560 shares during the last quarter. Connable Office Inc. grew its stake in BOX by 3.8% in the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after buying an additional 573 shares during the last quarter. Creative Planning grew its position in BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after purchasing an additional 631 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after purchasing an additional 632 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Stock Up 0.0 %

BOX stock opened at $35.10 on Tuesday. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.74. The stock has a market cap of $5.03 billion, a P/E ratio of 44.43 and a beta of 0.86. The business’s 50-day moving average price is $32.99 and its 200-day moving average price is $29.73.

Insider Activity

In other news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the transaction, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,500 shares of company stock valued at $1,711,135. 4.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BOX shares. UBS Group boosted their target price on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BOX has a consensus rating of “Moderate Buy” and an average target price of $31.22.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.