BOX (NYSE:BOX) Now Covered by DA Davidson

DA Davidson assumed coverage on shares of BOX (NYSE:BOX) in a report issued on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $45.00 price target on the software maker’s stock.

BOX has been the topic of a number of other reports. Bank of America assumed coverage on BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 target price on the stock. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Citigroup upped their target price on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. Finally, William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.89.

BOX Price Performance

BOX stock traded up $0.02 on Wednesday, reaching $32.01. 95,686 shares of the company were exchanged, compared to its average volume of 1,998,154. The firm has a market capitalization of $4.60 billion, a PE ratio of 40.01 and a beta of 0.86. BOX has a 12 month low of $24.28 and a 12 month high of $35.74. The stock’s fifty day moving average price is $33.10 and its 200 day moving average price is $30.28.

Insider Activity

In related news, VP Eli Berkovitch sold 4,792 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $32.46, for a total transaction of $155,548.32. Following the transaction, the vice president now owns 140,172 shares in the company, valued at $4,549,983.12. This represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the firm’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 of the company’s stock, valued at $927,720.75. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,178 shares of company stock worth $2,046,898. Insiders own 4.10% of the company’s stock.

Institutional Trading of BOX

A number of hedge funds and other institutional investors have recently modified their holdings of BOX. SG Americas Securities LLC increased its position in BOX by 80.7% in the second quarter. SG Americas Securities LLC now owns 15,794 shares of the software maker’s stock worth $418,000 after purchasing an additional 7,053 shares during the period. Nisa Investment Advisors LLC raised 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. Fifth Third Bancorp lifted its holdings in BOX by 1.2% in the second quarter. Fifth Third Bancorp now owns 86,171 shares of the software maker’s stock valued at $2,278,000 after buying an additional 1,052 shares during the period. Louisiana State Employees Retirement System boosted its stake in BOX by 2.1% in the second quarter. Louisiana State Employees Retirement System now owns 72,600 shares of the software maker’s stock valued at $1,920,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in BOX by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,603,725 shares of the software maker’s stock worth $42,402,000 after acquiring an additional 104,228 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Company 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.