Central Pacific Bank Trust Division Increases Holdings in Box, Inc. (NYSE:BOX)

Central Pacific Bank Trust Division raised its stake in Box, Inc. (NYSE:BOX) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,070 shares of the software maker’s stock after purchasing an additional 530 shares during the quarter. Central Pacific Bank Trust Division’s holdings in BOX were worth $192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BOX. Charles Schwab Investment Management Inc. raised its holdings in shares of BOX by 10.8% during 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 buying an additional 134,175 shares during the period. Bank of Montreal Can raised its stake in shares of BOX by 16.0% during the second quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock valued at $9,514,000 after purchasing an additional 48,633 shares during the period. Versor Investments LP acquired a new position in shares of BOX during the third quarter worth $1,221,000. Townsquare Capital LLC purchased a new position in shares of BOX in the third quarter valued at $2,021,000. Finally, Petrus Trust Company LTA acquired a new stake in BOX during the 3rd quarter valued at $615,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $325,400.00. Following the completion of the transaction, the chief executive officer now owns 2,999,155 shares in the company, valued at $97,592,503.70. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the sale, the chief financial officer now directly owns 1,461,509 shares in the company, valued at $49,998,222.89. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 74,592 shares of company stock worth $2,442,284 over the last quarter. 4.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson began coverage on shares of BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective on the stock. Citigroup increased their price target on BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America assumed coverage on BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

BOX Stock Performance

BOX stock opened at $31.49 on Friday. Box, Inc. has a 1 year low of $24.28 and a 1 year high of $35.74. The firm’s 50-day moving average is $32.98 and its 200-day moving average is $30.72. The company has a market cap of $4.53 billion, a P/E ratio of 39.36 and a beta of 0.89.

BOX 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.