Oppenheimer Asset Management Inc. Grows Stock Position in Box, Inc. (NYSE:BOX)

Oppenheimer Asset Management Inc. increased its holdings in Box, Inc. (NYSE:BOX) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 55,180 shares of the software maker’s stock after acquiring an additional 556 shares during the period. Oppenheimer Asset Management Inc.’s holdings in BOX were worth $1,744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock valued at $184,042,000 after buying an additional 69,107 shares during the period. Geode Capital Management LLC lifted its holdings in shares of BOX by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after acquiring an additional 13,028 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in BOX by 1.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock valued at $79,376,000 after purchasing an additional 44,190 shares during the last quarter. Congress Asset Management Co. raised its position in BOX by 17.5% in the fourth quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker’s stock valued at $52,445,000 after purchasing an additional 246,993 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 buying an additional 134,175 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.33, for a total transaction of $420,290.00. Following the completion of the transaction, the chief financial officer now directly owns 1,448,509 shares of the company’s stock, valued at approximately $46,830,295.97. This represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock worth $2,889,758 in the last quarter. Company insiders own 4.10% of the company’s stock.

BOX Price Performance

Shares of BOX stock opened at $32.75 on Tuesday. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.88. The firm’s fifty day simple moving average is $32.78 and its 200-day simple moving average is $32.58.

Analysts Set New Price Targets

BOX has been the topic of several research reports. UBS Group increased their target price on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Morgan Stanley upped their target price 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. DA Davidson initiated coverage on shares of BOX in a research report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus target price 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.