Y Intercept Hong Kong Ltd Buys Shares of 25,876 Box, Inc. (NYSE:BOX)

Y Intercept Hong Kong Ltd acquired a new position in Box, Inc. (NYSE:BOX) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 25,876 shares of the software maker’s stock, valued at approximately $818,000.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after acquiring an additional 69,107 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BOX by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after acquiring an additional 13,028 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of BOX by 1.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock worth $79,376,000 after acquiring an additional 44,190 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of BOX by 17.5% in the 4th quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker’s stock worth $52,445,000 after acquiring an additional 246,993 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Trading Down 0.5 %

Shares of NYSE:BOX opened at $32.38 on Friday. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The company’s 50 day moving average is $32.75 and its two-hundred day moving average is $32.45. The company has a market cap of $4.65 billion, a PE ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, DA Davidson began coverage on shares of BOX in a 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 issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, BOX has a consensus rating of “Moderate Buy” and an average price target of $35.89.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 4,791 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.06, for a total value of $148,808.46. Following the sale, the vice president now directly owns 132,741 shares of the company’s stock, valued at approximately $4,122,935.46. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the completion of the sale, the chief financial officer now directly owns 1,453,684 shares in the company, valued at approximately $49,890,434.88. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,041 shares of company stock valued at $2,889,758. 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.