Versor Investments LP Reduces Stock Position in Box, Inc. (NYSE:BOX)

Versor Investments LP decreased its holdings in Box, Inc. (NYSE:BOX) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,587 shares of the software maker’s stock after selling 8,713 shares during the quarter. Versor Investments LP’s holdings in BOX were worth $903,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BOX. Creative Planning grew its position in BOX by 4.2% during 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. Wealth Enhancement Advisory Services LLC bought a new stake in BOX during the third quarter valued at approximately $211,000. Congress Asset Management Co. bought a new stake in BOX during the third quarter valued at approximately $46,236,000. Rosenberg Matthew Hamilton grew its position in BOX by 16.7% during the third quarter. Rosenberg Matthew Hamilton now owns 8,119 shares of the software maker’s stock valued at $266,000 after buying an additional 1,159 shares during the period. Finally, Farther Finance Advisors LLC grew its position in BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after buying an additional 1,536 shares during the period. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research 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 research report on Wednesday, December 4th. Morgan Stanley upped their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Citigroup upped their price target on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Bank of America initiated coverage on shares of BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.89.

BOX Stock Performance

BOX stock opened at $32.38 on Friday. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The company’s fifty day moving average price is $32.75 and its 200-day moving average price is $32.45. The company has a market capitalization of $4.65 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88.

Insider Activity at BOX

In related news, COO Olivia Nottebohm sold 12,414 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the sale, the chief operating officer now owns 453,146 shares of the company’s stock, valued at $14,432,700.10. This represents a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the sale, the chief financial officer now directly owns 1,453,684 shares in the company, valued at approximately $49,890,434.88. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,041 shares of company stock valued at $2,889,758 over the last 90 days. 4.10% of the stock is owned by corporate insiders.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.