Bridgewater Associates LP Has $3.71 Million Stock Position in Box, Inc. (NYSE:BOX)

Bridgewater Associates LP increased its holdings in shares of Box, Inc. (NYSE:BOX) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,272 shares of the software maker’s stock after buying an additional 15,119 shares during the quarter. Bridgewater Associates LP’s holdings in BOX were worth $3,707,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares during the last quarter. Quarry LP increased its position in BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. Toronto Dominion Bank bought a new position in BOX in the 2nd quarter valued at approximately $53,000. Farther Finance Advisors LLC boosted its position in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after buying an additional 1,536 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on BOX shares. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. Citigroup increased their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. UBS Group boosted their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a report on Friday, August 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

BOX Stock Performance

BOX stock opened at $35.09 on Friday. The stock’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $29.69. The company has a market cap of $5.03 billion, a P/E ratio of 44.42 and a beta of 0.85. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.74.

Insider Activity

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the sale, the chief financial officer now owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 in the company, valued at $99,061,382.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,500 shares of company stock worth $1,711,135 over the last quarter. 4.10% of the stock is currently owned by corporate insiders.

About BOX

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.