Natixis Asset Management acquired a new stake in Box Inc (NYSE:BOX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,781 shares of the software maker’s stock, valued at approximately $608,000.
Several other hedge funds have also recently added to or reduced their stakes in BOX. Bares Capital Management Inc. raised its stake in BOX by 10.1% in the third quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock valued at $123,483,000 after purchasing an additional 588,875 shares in the last quarter. BlackRock Inc. raised its stake in BOX by 9.6% in the fourth quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock valued at $125,362,000 after purchasing an additional 518,179 shares in the last quarter. First Trust Advisors LP raised its stake in BOX by 2.6% in the fourth quarter. First Trust Advisors LP now owns 3,851,389 shares of the software maker’s stock valued at $81,341,000 after purchasing an additional 99,309 shares in the last quarter. Renaissance Technologies LLC raised its stake in BOX by 16.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,203,600 shares of the software maker’s stock valued at $67,660,000 after purchasing an additional 454,700 shares in the last quarter. Finally, AO Asset Management LP raised its stake in BOX by 27.3% in the fourth quarter. AO Asset Management LP now owns 1,606,800 shares of the software maker’s stock valued at $33,936,000 after purchasing an additional 344,500 shares in the last quarter. Institutional investors own 72.97% of the company’s stock.
Box Inc (NYSE BOX) opened at $20.93 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. Box Inc has a one year low of $15.73 and a one year high of $24.50. The company has a market cap of $2,852.07, a price-to-earnings ratio of -18.04 and a beta of 1.01.
In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Monday, December 11th. The shares were sold at an average price of $20.84, for a total value of $270,920.00. Following the transaction, the chief financial officer now directly owns 13,000 shares of the company’s stock, valued at $270,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel J. Levin sold 10,000 shares of BOX stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $115,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,405,309 shares of company stock worth $29,706,222. 22.30% of the stock is owned by insiders.
BOX has been the topic of a number of recent analyst reports. Vetr raised shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 target price on the stock in a research note on Wednesday, November 29th. Zacks Investment Research downgraded shares of BOX from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Canaccord Genuity reissued a “buy” rating and set a $25.00 price target on shares of BOX in a research note on Thursday, November 30th. DA Davidson began coverage on shares of BOX in a research note on Thursday, February 15th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Oppenheimer reissued a “buy” rating and set a $24.00 price target on shares of BOX in a research note on Thursday, November 30th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $24.40.
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BOX Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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