61,746 Shares in Box, Inc. (NYSE:BOX) Bought by Townsquare Capital LLC

Townsquare Capital LLC bought a new position in shares of Box, Inc. (NYSE:BOX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 61,746 shares of the software maker’s stock, valued at approximately $2,021,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOX. Congress Asset Management Co. bought a new position in shares of BOX during the third quarter worth about $46,236,000. Earnest Partners LLC increased its position in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after purchasing an additional 620,450 shares during the period. Dimensional Fund Advisors LP raised its holdings in BOX by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after purchasing an additional 229,314 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after purchasing an additional 150,309 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of BOX by 10.8% in the 3rd 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 last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Trading Up 0.1 %

BOX opened at $35.09 on Monday. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $35.74. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 44.42 and a beta of 0.85. The company’s fifty day moving average price is $32.99 and its two-hundred day moving average price is $29.71.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BOX. UBS Group lifted their target price on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Citigroup boosted their price objective on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. One investment 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. Based on data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $31.22.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value 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 $49,356,740.29. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the 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 approximately $927,720.75. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,500 shares of company stock worth $1,711,135 in the last quarter. Insiders own 4.10% 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.