Marshall Wace LLP Increases Holdings in Box, Inc. $BOX

Marshall Wace LLP boosted its position in shares of Box, Inc. (NYSE:BOX) by 20.4% in the second quarter, Holdings Channel reports. The fund owned 402,041 shares of the software maker’s stock after purchasing an additional 67,992 shares during the quarter. Marshall Wace LLP’s holdings in BOX were worth $13,738,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its stake in shares of BOX by 7,130.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock worth $25,000 after purchasing an additional 713 shares during the period. Geneos Wealth Management Inc. purchased a new stake in BOX during the first quarter valued at approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in BOX during the second quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB raised its position in BOX by 692.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock worth $45,000 after acquiring an additional 1,150 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of BOX during the 2nd quarter worth $55,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

BOX has been the subject of several analyst reports. Zacks Research lowered BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Raymond James Financial restated an “outperform” rating and issued a $42.00 price target on shares of BOX in a research report on Wednesday, August 27th. Citigroup raised their price objective on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $36.00 in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada increased their target price on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.25.

Insiders Place Their Bets

In other BOX news, COO Olivia Nottebohm sold 4,612 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $31.35, for a total value of $144,586.20. Following the completion of the transaction, the chief operating officer directly owned 497,639 shares in the company, valued at $15,600,982.65. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack R. Lazar sold 5,000 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $32.20, for a total transaction of $161,000.00. Following the sale, the director directly owned 27,855 shares of the company’s stock, valued at approximately $896,931. This trade represents a 15.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,836 shares of company stock valued at $1,899,944 in the last 90 days. 3.90% of the stock is currently owned by company insiders.

BOX Stock Down 0.1%

Shares of BOX stock opened at $31.22 on Wednesday. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.48 and a beta of 0.79. The stock’s 50-day simple moving average is $31.71 and its 200-day simple moving average is $32.75. Box, Inc. has a 52 week low of $28.00 and a 52 week high of $38.80.

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.