Box, Inc. (NYSE:BOX) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its position in Box, Inc. (NYSE:BOX) by 7.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,431 shares of the software maker’s stock after selling 808 shares during the period. Captrust Financial Advisors’ holdings in BOX were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in BOX by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock worth $44,900,000 after buying an additional 134,175 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after acquiring an additional 150,309 shares during the last quarter. Bank of Montreal Can increased its stake in shares of BOX by 16.0% in the second quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock worth $9,514,000 after acquiring an additional 48,633 shares during the period. Versor Investments LP purchased a new position in shares of BOX during the third quarter worth $1,221,000. Finally, Townsquare Capital LLC acquired a new position in BOX during the third quarter valued at $2,021,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Levin sold 5,886 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $32.50, for a total value of $191,295.00. Following the completion of the transaction, the director now owns 51,530 shares in the company, valued at approximately $1,674,725. This trade represents a 10.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,386 shares of company stock worth $1,891,350. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BOX shares. 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, December 4th. Bank of America started coverage on BOX in a report on Thursday. They set a “buy” rating and a $40.00 target price on the stock. Citigroup boosted their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

BOX Price Performance

Shares of NYSE:BOX opened at $32.48 on Friday. The business’s 50 day moving average price is $33.10 and its 200-day moving average price is $30.14. Box, Inc. has a 1 year low of $24.28 and a 1 year high of $35.74. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 40.60 and a beta of 0.86.

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.