8,127 Shares in Box, Inc. (NYSE:BOX) Bought by MML Investors Services LLC

MML Investors Services LLC acquired a new position in shares of Box, Inc. (NYSE:BOX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,127 shares of the software maker’s stock, valued at approximately $266,000.

A number of other large investors have also recently bought and sold shares of BOX. Glenmede Trust Co. NA lifted its holdings in shares of BOX by 1.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock worth $1,116,000 after acquiring an additional 535 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in BOX by 3.7% during the second 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 last quarter. Connable Office Inc. boosted its holdings in shares of BOX by 3.8% in the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after purchasing an additional 573 shares in the last quarter. Creative Planning increased its stake in shares of BOX by 4.2% in the 3rd 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 last quarter. Finally, GAMMA Investing LLC lifted its position in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.21, for a total transaction of $444,730.00. Following the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares in the company, valued at $927,720.75. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,178 shares of company stock worth $2,046,898. 4.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group boosted 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. Bank of America started coverage on shares of BOX in a research note on Thursday, December 12th. They set a “buy” rating and a $40.00 target price on the stock. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

BOX Stock Up 0.2 %

NYSE:BOX opened at $32.02 on Thursday. Box, Inc. has a twelve month low of $24.28 and a twelve month high of $35.74. The company has a fifty day moving average of $33.04 and a 200-day moving average of $30.45. The firm has a market capitalization of $4.60 billion, a P/E ratio of 40.03 and a beta of 0.86.

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.