Bank of Montreal Can Sells 32,124 Shares of Box, Inc. (NYSE:BOX)

Bank of Montreal Can trimmed its position in shares of Box, Inc. (NYSE:BOX) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,726 shares of the software maker’s stock after selling 32,124 shares during the period. Bank of Montreal Can owned 0.22% of BOX worth $10,471,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Earnest Partners LLC raised its holdings in BOX by 8.5% during the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after acquiring an additional 620,450 shares during the period. Sei Investments Co. raised its stake in BOX by 4.2% during the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock valued at $81,405,000 after purchasing an additional 125,435 shares during the period. Dimensional Fund Advisors LP raised its stake in BOX by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares during the period. Renaissance Technologies LLC lifted its holdings in BOX by 7.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,846,502 shares of the software maker’s stock worth $48,822,000 after purchasing an additional 120,076 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in BOX by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,603,725 shares of the software maker’s stock worth $42,402,000 after purchasing an additional 104,228 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

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

BOX Price Performance

Shares of BOX stock opened at $35.09 on Monday. The company has a market cap of $5.03 billion, a PE ratio of 44.42 and a beta of 0.85. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.74. The stock’s 50 day simple moving average is $32.99 and its two-hundred day simple moving average is $29.71.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the transaction, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % 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 worth $1,711,135. Company insiders own 4.10% of the company’s stock.

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.