Harbor Capital Advisors Inc. Has $870,000 Stock Holdings in Box, Inc. (NYSE:BOX)

Harbor Capital Advisors Inc. lifted its position in shares of Box, Inc. (NYSE:BOX) by 8.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,538 shares of the software maker’s stock after buying an additional 2,205 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in BOX were worth $870,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BOX. Central Pacific Bank Trust Division raised its stake in BOX by 9.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker’s stock worth $192,000 after purchasing an additional 530 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of BOX by 1.6% in the third quarter. Glenmede Trust Co. NA now owns 34,107 shares of the software maker’s stock valued at $1,116,000 after buying an additional 535 shares in the last quarter. Creative Planning boosted its stake in shares of BOX by 4.2% in the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after buying an additional 631 shares during the period. GAMMA Investing LLC grew its position in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in BOX by 1.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 69,211 shares of the software maker’s stock worth $2,265,000 after acquiring an additional 834 shares during the period. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BOX. Morgan Stanley upped their target price on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. Bank of America assumed coverage on shares of BOX in a research report on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective for the company. Citigroup raised their target price on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. UBS Group upped their price target on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.89.

Insiders Place Their Bets

In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the completion of the transaction, the chief financial officer now owns 1,466,684 shares of the company’s stock, valued at $45,540,538.20. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Eli Berkovitch sold 4,791 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.06, for a total transaction of $148,808.46. Following the completion of the transaction, the vice president now owns 132,741 shares of the company’s stock, valued at approximately $4,122,935.46. This trade represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,383 shares of company stock valued at $2,571,983 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

BOX Stock Performance

Shares of NYSE:BOX opened at $31.23 on Tuesday. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74. The company has a market capitalization of $4.49 billion, a PE ratio of 39.04 and a beta of 0.89. The company has a fifty day moving average of $32.87 and a 200-day moving average of $30.99.

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.