Kovitz Investment Group Partners LLC Acquires 1,607 Shares of Box, Inc. (NYSE:BOX)

Kovitz Investment Group Partners LLC increased its holdings in shares of Box, Inc. (NYSE:BOX) by 1.9% in the third quarter, Holdings Channel.com reports. The fund owned 86,012 shares of the software maker’s stock after buying an additional 1,607 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in BOX were worth $2,781,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in shares of BOX by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock worth $44,900,000 after purchasing an additional 134,175 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in BOX by 143.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after buying an additional 150,309 shares in the last quarter. Bank of Montreal Can boosted its position in BOX by 16.0% in the 2nd quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock valued at $9,514,000 after buying an additional 48,633 shares during the period. Versor Investments LP bought a new position in BOX in the 3rd quarter worth about $1,221,000. Finally, Townsquare Capital LLC purchased a new position in shares of BOX during the third quarter worth approximately $2,021,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Up 0.2 %

NYSE:BOX opened at $32.58 on Tuesday. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 40.73 and a beta of 0.86. Box, Inc. has a 52 week low of $23.81 and a 52 week high of $35.74. The firm has a 50 day moving average of $33.04 and a 200 day moving average of $30.00.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BOX shares. Citigroup increased their price objective on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Insider Activity

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total value of $422,760.00. Following the completion of the transaction, the chief financial officer now owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This trade represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the sale, the director now directly owns 26,697 shares in the company, valued at $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,500 shares of company stock worth $954,365. 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.