Stifel Financial Corp Grows Stake in Box, Inc. (NYSE:BOX)

Stifel Financial Corp grew its stake in shares of Box, Inc. (NYSE:BOX) by 34.6% in the third quarter, Holdings Channel reports. The fund owned 41,026 shares of the software maker’s stock after acquiring an additional 10,542 shares during the quarter. Stifel Financial Corp’s holdings in BOX were worth $1,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BOX. Nisa Investment Advisors LLC grew its holdings in BOX by 31.7% during 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 period. Louisiana State Employees Retirement System increased its holdings in BOX by 2.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 72,600 shares of the software maker’s stock worth $1,920,000 after acquiring an additional 1,500 shares during the last quarter. Bank of New York Mellon Corp raised 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 valued at $42,402,000 after acquiring an additional 104,228 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BOX by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,839 shares of the software maker’s stock valued at $815,000 after purchasing an additional 3,084 shares during the last quarter. Finally, F M Investments LLC bought a new position in BOX during the second quarter worth about $384,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Transactions at BOX

In other news, Director Jack R. Lazar sold 2,500 shares of the company’s 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 completion of the transaction, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,178 shares of company stock valued at $2,046,898. Insiders own 4.10% of the company’s stock.

BOX Price Performance

Shares of BOX stock opened at $32.03 on Friday. The company has a 50 day simple moving average of $33.08 and a two-hundred day simple moving average of $30.32. The firm has a market cap of $4.60 billion, a PE ratio of 40.04 and a beta of 0.86. Box, Inc. has a 1 year low of $24.28 and a 1 year high of $35.74.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOX. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 13th. Citigroup increased their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Finally, UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

About BOX

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.