Bleakley Financial Group LLC Takes $200,000 Position in Box, Inc. (NYSE:BOX)

Bleakley Financial Group LLC acquired a new position in shares of Box, Inc. (NYSE:BOX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,334 shares of the software maker’s stock, valued at approximately $200,000.

Several other large investors have also recently bought and sold shares of the company. Matisse Capital grew its holdings in shares of BOX by 30.4% in the 4th quarter. Matisse Capital now owns 15,000 shares of the software maker’s stock valued at $474,000 after buying an additional 3,500 shares during the period. OLD National Bancorp IN bought a new stake in BOX during the 4th quarter worth approximately $203,000. Smith Group Asset Management LLC lifted its stake in BOX by 14.8% in the fourth quarter. Smith Group Asset Management LLC now owns 18,645 shares of the software maker’s stock valued at $589,000 after buying an additional 2,407 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of BOX during the fourth quarter worth $981,000. Finally, Pacer Advisors Inc. boosted its stake in BOX by 14.8% in the 4th quarter. Pacer Advisors Inc. now owns 7,974 shares of the software maker’s stock worth $252,000 after purchasing an additional 1,027 shares during the period. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BOX shares. Citigroup upped their price objective on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley raised their target price on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. UBS Group raised their price objective on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America assumed coverage on BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target for the company. Finally, StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 4,791 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.06, for a total transaction of $148,808.46. Following the transaction, the vice president now directly owns 132,741 shares of the company’s stock, valued at approximately $4,122,935.46. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the completion of the sale, the chief operating officer now directly owns 453,146 shares of the company’s stock, valued at $14,432,700.10. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,041 shares of company stock worth $2,889,758 over the last quarter. Company insiders own 4.10% of the company’s stock.

BOX Stock Performance

NYSE BOX opened at $35.09 on Thursday. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74. The stock has a market cap of $5.04 billion, a PE ratio of 43.86, a P/E/G ratio of 4.40 and a beta of 0.88. The firm has a 50-day moving average of $32.34 and a 200-day moving average of $31.95.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.