Y Intercept Hong Kong Ltd Acquires New Holdings in Box, Inc. (NYSE:BOX)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Box, Inc. (NYSE:BOX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,876 shares of the software maker’s stock, valued at approximately $818,000.

Several other institutional investors and hedge funds have also bought and sold shares of BOX. Charles Schwab Investment Management Inc. lifted its position in BOX by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after purchasing an additional 134,175 shares during the period. Versor Investments LP acquired a new position in BOX during the third quarter valued at $1,221,000. Townsquare Capital LLC acquired a new position in BOX during the third quarter valued at $2,021,000. Robeco Institutional Asset Management B.V. acquired a new position in BOX during the fourth quarter valued at $981,000. Finally, Petrus Trust Company LTA acquired a new position in BOX during the third quarter valued at $615,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the sale, the chief operating officer now owns 440,988 shares of the company’s stock, valued at approximately $15,178,806.96. This represents a 1.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the sale, the chief financial officer now directly owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,041 shares of company stock valued at $2,889,758 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BOX shares. Bank of America started coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. UBS Group lifted their price objective on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Citigroup lifted their price objective on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

BOX Stock Down 0.5 %

BOX stock opened at $32.38 on Friday. The stock has a market capitalization of $4.65 billion, a P/E ratio of 40.47, a P/E/G ratio of 4.42 and a beta of 0.88. The firm has a 50-day simple moving average of $32.75 and a 200-day simple moving average of $32.45. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74.

BOX 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.