Parallax Volatility Advisers L.P. Raises Holdings in Box, Inc. (NYSE:BOX)

Parallax Volatility Advisers L.P. boosted its stake in Box, Inc. (NYSE:BOX) by 598.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,906 shares of the software maker’s stock after buying an additional 82,174 shares during the quarter. Parallax Volatility Advisers L.P. owned approximately 0.07% of BOX worth $3,139,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BOX. Glenmede Trust Co. NA raised its position in shares of BOX by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock valued at $1,116,000 after buying an additional 535 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted 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 period. Connable Office Inc. boosted its holdings in shares of BOX by 3.8% during the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after purchasing an additional 573 shares during the last quarter. Creative Planning grew its position in shares of BOX by 4.2% in the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after purchasing an additional 631 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $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.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday. Citigroup lifted their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Monness Crespi & Hardt upgraded BOX to a “hold” rating in a report on Friday, August 16th. One 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, BOX currently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

BOX Stock Up 0.8 %

Shares of NYSE BOX opened at $32.04 on Friday. The stock has a market capitalization of $4.59 billion, a P/E ratio of 40.05 and a beta of 0.86. The firm’s 50-day moving average price is $33.06 and its two-hundred day moving average price is $29.85. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.74.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the transaction, the chief financial officer now owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the sale, the chief executive officer now owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,500 shares of company stock worth $1,711,135. 4.10% of the stock is currently owned by company insiders.

BOX 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.