Matisse Capital Increases Stake in Box, Inc. (NYSE:BOX)

Matisse Capital increased its holdings in shares of Box, Inc. (NYSE:BOX) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,000 shares of the software maker’s stock after buying an additional 3,500 shares during the period. Matisse Capital’s holdings in BOX were worth $474,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new position in BOX during the 3rd quarter worth approximately $36,000. GAMMA Investing LLC boosted its holdings in shares of BOX by 143.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after buying an additional 787 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of BOX by 245.4% in the 3rd 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. KBC Group NV boosted its holdings in shares of BOX by 35.7% in the 4th quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock valued at $171,000 after buying an additional 1,420 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of BOX by 9.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock valued at $192,000 after buying an additional 530 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total value of $325,400.00. Following the sale, the chief executive officer now owns 2,999,155 shares in the company, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Olivia Nottebohm sold 12,414 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the transaction, the chief operating officer now directly owns 453,146 shares in the company, valued at $14,432,700.10. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,462 shares of company stock valued at $2,765,964. 4.10% of the stock is currently owned by company insiders.

BOX Trading Up 0.4 %

BOX opened at $33.52 on Tuesday. Box, Inc. has a 1-year low of $24.56 and a 1-year high of $35.74. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 41.90, a P/E/G ratio of 6.06 and a beta of 0.88. The business has a 50 day moving average of $32.36 and a 200-day moving average of $31.63.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, December 4th. Morgan Stanley upped their price objective on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Citigroup increased their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. DA Davidson started coverage on shares of BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price target for the company. Finally, UBS Group raised their target price on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

BOX Company Profile

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.