Box, Inc. (NYSE:BOX) Position Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in shares of Box, Inc. (NYSE:BOX) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,775 shares of the software maker’s stock after purchasing an additional 423 shares during the period. Sanctuary Advisors LLC’s holdings in BOX were worth $1,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOX. Creative Planning raised its holdings in BOX by 4.2% during the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after purchasing an additional 631 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in BOX during the third quarter worth approximately $211,000. Smith Group Asset Management LLC raised its holdings in BOX by 25.1% during the third quarter. Smith Group Asset Management LLC now owns 16,238 shares of the software maker’s stock worth $531,000 after purchasing an additional 3,253 shares in the last quarter. Congress Asset Management Co. bought a new stake in BOX during the third quarter worth approximately $46,236,000. Finally, Rosenberg Matthew Hamilton raised its holdings in BOX by 16.7% during the third quarter. Rosenberg Matthew Hamilton now owns 8,119 shares of the software maker’s stock worth $266,000 after purchasing an additional 1,159 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. DA Davidson assumed coverage on BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target on the stock. UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley upped their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Bank of America assumed coverage on BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

BOX Stock Down 0.5 %

BOX stock opened at $33.16 on Wednesday. The company’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $32.45. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock has a market cap of $4.77 billion, a P/E ratio of 41.45, a P/E/G ratio of 4.42 and a beta of 0.88.

Insider Activity

In related news, COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.42, for a total value of $209,239.18. Following the completion of the sale, the chief operating officer now directly owns 440,988 shares in the company, valued at approximately $15,178,806.96. This represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel J. Levin sold 5,886 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $32.50, for a total transaction of $191,295.00. Following the completion of the sale, the director now owns 51,530 shares of the company’s stock, valued at $1,674,725. This represents a 10.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,041 shares of company stock worth $2,889,758 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

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.