Pacer Advisors Inc. Purchases 1,027 Shares of Box, Inc. (NYSE:BOX)

Pacer Advisors Inc. increased its position in shares of Box, Inc. (NYSE:BOX) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,974 shares of the software maker’s stock after buying an additional 1,027 shares during the period. Pacer Advisors Inc.’s holdings in BOX were worth $252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of BOX by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock worth $44,900,000 after acquiring an additional 134,175 shares in the last quarter. Versor Investments LP bought a new stake in BOX in the third quarter worth approximately $1,221,000. Townsquare Capital LLC acquired a new position in BOX in the third quarter valued at approximately $2,021,000. Petrus Trust Company LTA bought a new position in shares of BOX during the 3rd quarter worth approximately $615,000. Finally, SG Americas Securities LLC increased its stake in shares of BOX by 142.6% in the 3rd quarter. SG Americas Securities LLC now owns 38,316 shares of the software maker’s stock valued at $1,254,000 after acquiring an additional 22,522 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BOX. William Blair restated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, December 4th. Bank of America began coverage on BOX in a research note on Thursday, December 12th. They set a “buy” rating and a $40.00 price target on the stock. Citigroup raised 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. Finally, DA Davidson started coverage on BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 4,792 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $32.46, for a total transaction of $155,548.32. Following the sale, the vice president now directly owns 140,172 shares in the company, valued at approximately $4,549,983.12. This represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction that occurred 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 completion of the transaction, the director now owns 26,697 shares of the company’s stock, valued at $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,462 shares of company stock worth $2,765,964 over the last three months. 4.10% of the stock is currently owned by insiders.

BOX Price Performance

NYSE BOX opened at $33.72 on Wednesday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 6.06 and a beta of 0.88. The business’s fifty day moving average is $32.32 and its 200-day moving average is $31.68. Box, Inc. has a one year low of $24.56 and a one year high of $35.74.

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.