Box, Inc. $BOX Shares Acquired by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its position in shares of Box, Inc. (NYSE:BOX) by 38.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 955,286 shares of the software maker’s stock after purchasing an additional 263,619 shares during the period. Neuberger Berman Group LLC owned 0.66% of BOX worth $32,637,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of BOX by 7,130.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after buying an additional 713 shares during the period. Geneos Wealth Management Inc. acquired a new stake in BOX in the 1st quarter valued at about $31,000. Ameritas Advisory Services LLC bought a new position in shares of BOX during the 2nd quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of BOX by 692.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock valued at $45,000 after purchasing an additional 1,150 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of BOX in the 2nd quarter worth approximately $55,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $45.00 target price on shares of BOX in a report on Wednesday, December 3rd. Zacks Research downgraded BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Citigroup lifted their target price on BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Royal Bank Of Canada increased their price target on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of BOX in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.00.

BOX Stock Down 0.2%

Shares of BOX stock opened at $30.12 on Friday. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The stock has a market cap of $4.31 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.39 and a beta of 0.79. The business has a fifty day simple moving average of $31.58 and a 200-day simple moving average of $32.72.

Insider Buying and Selling at BOX

In related news, COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $31.35, for a total transaction of $144,586.20. Following the completion of the sale, the chief operating officer directly owned 497,639 shares in the company, valued at approximately $15,600,982.65. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $30.53, for a total value of $457,950.00. Following the completion of the transaction, the chief executive officer directly owned 2,922,030 shares in the company, valued at approximately $89,209,575.90. The trade was a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,836 shares of company stock valued at $2,884,384 in the last 90 days. Corporate insiders own 3.90% of the company’s stock.

About BOX

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.