Charles Schwab Investment Management Inc. Grows Position in Box, Inc. (NYSE:BOX)

Charles Schwab Investment Management Inc. raised its stake in shares of Box, Inc. (NYSE:BOX) by 10.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,371,815 shares of the software maker’s stock after purchasing an additional 134,175 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BOX were worth $44,900,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares in the last quarter. Quarry LP boosted its holdings in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares during the period. Toronto Dominion Bank purchased a new stake in BOX in the 2nd quarter worth $53,000. Farther Finance Advisors LLC raised its holdings in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after acquiring an additional 1,536 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In other BOX news, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now directly owns 26,697 shares of the company’s stock, valued at $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,500 shares of company stock valued at $1,711,135 over the last ninety days. 4.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley increased their target price on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. UBS Group raised their target price on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.22.

BOX Stock Up 0.1 %

BOX stock opened at $35.09 on Monday. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.74. The company’s 50-day moving average price is $32.99 and its 200-day moving average price is $29.71. The company has a market cap of $5.03 billion, a PE ratio of 44.42 and a beta of 0.85.

BOX Company 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.