Box, Inc. $BOX Stock Holdings Lessened by Fisher Asset Management LLC

by · The Cerbat Gem

Fisher Asset Management LLC reduced its stake in shares of Box, Inc. (NYSE:BOX – Free Report) by 17.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 662,993 shares of the software maker’s stock after selling 140,528 shares during the quarter. Fisher Asset Management LLC’s holdings in BOX were worth $22,654,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BOX. Cetera Investment Advisers lifted its position in BOX by 57.2% in the 1st quarter. Cetera Investment Advisers now owns 15,516 shares of the software maker’s stock worth $479,000 after buying an additional 5,644 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BOX by 4.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,116 shares of the software maker’s stock worth $1,145,000 after acquiring an additional 1,689 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in BOX by 24.7% during the first quarter. PNC Financial Services Group Inc. now owns 11,870 shares of the software maker’s stock valued at $366,000 after purchasing an additional 2,352 shares during the last quarter. Townsquare Capital LLC grew its stake in BOX by 13.8% in the first quarter. Townsquare Capital LLC now owns 105,178 shares of the software maker’s stock valued at $3,246,000 after purchasing an additional 12,766 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in BOX by 177.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,677 shares of the software maker’s stock worth $2,767,000 after purchasing an additional 57,392 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BOX

In other news, Director Jack R. Lazar sold 5,000 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $32.20, for a total value of $161,000.00. Following the completion of the sale, the director directly owned 27,855 shares of the company’s stock, valued at approximately $896,931. This represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $32.77, for a total transaction of $114,695.00. Following the completion of the sale, the vice president owned 128,847 shares in the company, valued at approximately $4,222,316.19. The trade was a 2.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 122,336 shares of company stock worth $3,986,999. Insiders own 3.90% of the company’s stock.

BOX Price Performance

BOX stock opened at $30.16 on Wednesday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 24.32 and a beta of 0.79. The company has a 50-day moving average of $31.78 and a two-hundred day moving average of $32.75. Box, Inc. has a 52-week low of $28.00 and a 52-week high of $38.80.

Analyst Ratings Changes

BOX has been the subject of several research reports. Citigroup lifted their price target on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Royal Bank Of Canada increased their price target on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of BOX in a research note on Wednesday, August 27th. UBS Group downgraded shares of BOX from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Finally, Weiss Ratings lowered BOX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Six 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

View Our Latest Stock Analysis on BOX

About BOX

(Free Report)

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.

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