1,087 Shares in Box, Inc. (NYSE:BOX) Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. purchased a new stake in Box, Inc. (NYSE:BOX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,087 shares of the software maker’s stock, valued at approximately $36,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. acquired a new stake in shares of BOX during the 3rd quarter worth $46,236,000. Earnest Partners LLC grew its position in BOX by 8.5% during the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after acquiring an additional 620,450 shares during the period. Dimensional Fund Advisors LP grew its position in BOX by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after acquiring an additional 229,314 shares during the period. Assenagon Asset Management S.A. increased its stake in BOX by 143.6% during the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after acquiring an additional 150,309 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 purchasing an additional 134,175 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Price Performance

NYSE:BOX opened at $34.37 on Wednesday. The firm has a 50-day moving average of $33.04 and a two-hundred day moving average of $29.79. The stock has a market cap of $4.92 billion, a P/E ratio of 43.51 and a beta of 0.86. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $35.74.

Analyst Ratings Changes

BOX has been the subject of a number of research reports. UBS Group boosted their target price on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. William Blair reissued an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Citigroup lifted their target price on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.22.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,500 shares of company stock worth $1,711,135. 4.10% of the stock is currently owned by corporate insiders.

BOX Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.