Charles Schwab Investment Management Inc. Acquires 134,175 Shares of Box, Inc. (NYSE:BOX)

Charles Schwab Investment Management Inc. raised its holdings in Box, Inc. (NYSE:BOX) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,371,815 shares of the software maker’s stock after buying an additional 134,175 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of BOX worth $44,900,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BOX. Quarry LP lifted its stake in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after acquiring an additional 1,084 shares during the period. GAMMA Investing LLC increased its position in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares during the period. Toronto Dominion Bank bought a new position in BOX in the second quarter worth about $53,000. Nisa Investment Advisors LLC lifted its holdings in BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after buying an additional 1,536 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Up 0.1 %

NYSE:BOX opened at $35.09 on Monday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 44.42 and a beta of 0.85. Box, Inc. has a 52 week low of $23.29 and a 52 week 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.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the sale, the chief financial officer now owns 1,461,509 shares of the company’s stock, valued at approximately $49,998,222.89. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the business’s 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 sale, the director now owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,500 shares of company stock valued at $1,711,135. Corporate insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the subject of several research reports. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Citigroup boosted their target price on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley increased their price target on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

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.