Assenagon Asset Management S.A. Increases Stake in Box, Inc. (NYSE:BOX)

Assenagon Asset Management S.A. increased its stake in Box, Inc. (NYSE:BOX) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 343,875 shares of the software maker’s stock after acquiring an additional 88,900 shares during the period. Assenagon Asset Management S.A. owned approximately 0.24% of BOX worth $10,866,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. acquired a new position in shares of BOX in the 3rd quarter valued at $36,000. Quarry LP raised its position in shares of 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. GAMMA Investing LLC boosted its holdings in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares during the last quarter. Toronto Dominion Bank purchased a new stake in BOX during the second quarter valued at about $53,000. Finally, Farther Finance Advisors LLC increased 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 worth $71,000 after acquiring an additional 1,536 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Performance

Shares of NYSE BOX opened at $31.57 on Friday. Box, Inc. has a 1 year low of $24.56 and a 1 year high of $35.74. The stock’s 50-day simple moving average is $32.71 and its 200-day simple moving average is $31.10. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 5.59 and a beta of 0.89.

Insider Buying and Selling at BOX

In other news, VP Eli Berkovitch sold 4,792 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $32.46, for a total transaction of $155,548.32. Following the transaction, the vice president now owns 140,172 shares of the company’s stock, valued at approximately $4,549,983.12. This trade represents a 3.31 % decrease in their ownership of the stock. The sale 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 BOX stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares of the company’s stock, valued at $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,383 shares of company stock worth $2,571,983 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BOX shares. Citigroup lifted their price objective on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. DA Davidson started coverage on shares of BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target for the company. Finally, UBS Group raised their price objective on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

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.