Congress Asset Management Co. Has $52.45 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Congress Asset Management Co. raised its stake in Box, Inc. (NYSE:BOX) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,659,646 shares of the software maker’s stock after buying an additional 246,993 shares during the period. Congress Asset Management Co. owned 1.15% of BOX worth $52,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after acquiring an additional 134,175 shares in the last quarter. Versor Investments LP acquired a new stake in shares of BOX during the third quarter valued at about $1,221,000. Townsquare Capital LLC acquired a new stake in shares of BOX during the third quarter valued at about $2,021,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of BOX during the fourth quarter worth about $981,000. Finally, Petrus Trust Company LTA acquired a new position in shares of BOX in the third quarter valued at approximately $615,000. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on BOX shares. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. William Blair restated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Morgan Stanley lifted their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, UBS Group increased their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

Insider Activity at BOX

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of the firm’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 trade represents a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 4,792 shares of the company’s 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 in the company, valued at $4,549,983.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock worth $2,889,758 in the last quarter. Company insiders own 4.10% of the company’s stock.

BOX Stock Performance

Shares of BOX stock opened at $35.34 on Friday. Box, Inc. has a fifty-two week low of $24.56 and a fifty-two week high of $35.74. The stock has a 50 day simple moving average of $32.46 and a two-hundred day simple moving average of $32.06. The company has a market cap of $5.08 billion, a P/E ratio of 44.17, a PEG ratio of 4.40 and a beta of 0.88.

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.