HighTower Advisors LLC Boosts Stock Holdings in Box, Inc. $BOX

HighTower Advisors LLC grew its stake in shares of Box, Inc. (NYSE:BOX) by 7.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 412,543 shares of the software maker’s stock after buying an additional 28,820 shares during the period. HighTower Advisors LLC owned 0.28% of BOX worth $13,313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in BOX by 36.4% in the second quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker’s stock valued at $141,345,000 after acquiring an additional 1,104,314 shares during the last quarter. Norges Bank purchased a new position in shares of BOX in the 2nd quarter worth about $33,042,000. Qube Research & Technologies Ltd lifted its stake in shares of BOX by 240.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,210,237 shares of the software maker’s stock valued at $41,354,000 after purchasing an additional 854,953 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of BOX during the 2nd quarter worth about $22,626,000. Finally, Mizuho Markets Americas LLC acquired a new stake in BOX during the 3rd quarter worth approximately $20,851,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Eli Berkovitch sold 5,163 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $29.96, for a total transaction of $154,683.48. Following the completion of the sale, the vice president directly owned 123,684 shares of the company’s stock, valued at approximately $3,705,572.64. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.53, for a total transaction of $457,950.00. Following the completion of the transaction, the chief executive officer owned 2,922,030 shares in the company, valued at $89,209,575.90. This represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 82,887 shares of company stock valued at $2,399,707. Corporate insiders own 3.90% of the company’s stock.

BOX Stock Up 0.6%

NYSE BOX opened at $22.86 on Friday. Box, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $38.80. The business has a 50 day moving average price of $27.04 and a two-hundred day moving average price of $30.18. The stock has a market cap of $3.27 billion, a PE ratio of 18.43, a P/E/G ratio of 1.30 and a beta of 0.79.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BOX shares. DA Davidson reaffirmed a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of BOX in a research note on Monday, December 29th. Five investment 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.00.

BOX Company Profile

Box, Inc is a leading provider of cloud content management and file sharing solutions designed to support enterprises in securely managing, accessing and collaborating on digital content from anywhere. The company offers a unified platform that enables organizations to store, share and automate workflows across various departments, enhancing productivity and ensuring governance over sensitive information. Box’s services are tailored to meet the needs of industries such as healthcare, financial services, government and media, where compliance and data security are paramount.

The core offerings of Box include its Content Cloud platform, which provides content collaboration, workflow automation, data classification and secure file sharing.