Mirae Asset Global Investments Co. Ltd. Lowers Stock Holdings in Box, Inc. (NYSE:BOX)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Box, Inc. (NYSE:BOX) by 41.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,081 shares of the software maker’s stock after selling 12,720 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in BOX were worth $579,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BOX. Itau Unibanco Holding S.A. bought a new position in BOX in the 3rd quarter valued at $36,000. GAMMA Investing LLC raised its position in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 buying an additional 1,536 shares during the period. KBC Group NV grew its position in BOX by 35.7% during the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock worth $171,000 after buying an additional 1,420 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in BOX by 9.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock worth $192,000 after buying an additional 530 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BOX. Morgan Stanley lifted their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Citigroup raised their target price on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. UBS Group boosted their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.89.

BOX Stock Up 1.3 %

Shares of BOX stock opened at $35.09 on Thursday. The business has a 50-day moving average price of $32.34 and a two-hundred day moving average price of $31.95. Box, Inc. has a 12-month low of $24.56 and a 12-month high of $35.74. The firm has a market cap of $5.04 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88.

Insider Activity

In other news, COO Olivia Nottebohm sold 12,414 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the sale, the chief operating officer now owns 453,146 shares of the company’s stock, valued at approximately $14,432,700.10. The trade was a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the sale, the chief financial officer now directly owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,041 shares of company stock valued at $2,889,758. Insiders own 4.10% of the company’s stock.

BOX 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.