Nordea Investment Management AB Boosts Stock Holdings in Box, Inc. (NYSE:BOX)

Nordea Investment Management AB boosted its position in Box, Inc. (NYSE:BOX) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 356,309 shares of the software maker’s stock after purchasing an additional 14,208 shares during the period. Nordea Investment Management AB’s holdings in BOX were worth $11,295,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BOX shares. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, December 4th. Bank of America began coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target for the company. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. DA Davidson assumed coverage on BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, UBS Group boosted their target price on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

BOX Stock Up 0.4 %

Shares of NYSE:BOX opened at $31.29 on Thursday. The company has a market capitalization of $4.50 billion, a P/E ratio of 39.11 and a beta of 0.89. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74. The stock’s fifty day simple moving average is $32.93 and its 200-day simple moving average is $30.84.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the sale, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Olivia Nottebohm sold 12,414 shares of the stock in a transaction 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 approximately $14,432,700.10. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,592 shares of company stock valued at $2,019,524. 4.10% of the stock is owned by insiders.

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.