Summit Trail Advisors LLC Has $840,000 Position in Box, Inc. (NYSE:BOX)

Summit Trail Advisors LLC grew its position in Box, Inc. (NYSE:BOX) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,596 shares of the software maker’s stock after acquiring an additional 6,017 shares during the period. Summit Trail Advisors LLC’s holdings in BOX were worth $840,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake in BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock valued at $184,042,000 after purchasing an additional 69,107 shares during the last quarter. Geode Capital Management LLC raised its stake in BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after buying an additional 13,028 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of BOX by 1.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock valued at $79,376,000 after buying an additional 44,190 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of BOX during the 3rd quarter worth approximately $46,236,000. Finally, Charles Schwab Investment Management Inc. increased 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 worth $44,900,000 after acquiring an additional 134,175 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BOX. Morgan Stanley raised their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. DA Davidson started coverage on shares of BOX in a research note on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price for the company. Bank of America assumed coverage on shares of BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. Citigroup increased their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and a consensus price target of $35.89.

BOX Stock Down 0.1 %

BOX stock opened at $34.65 on Wednesday. The company’s 50-day moving average price is $32.27 and its two-hundred day moving average price is $31.93. The firm has a market cap of $4.98 billion, a P/E ratio of 43.32, a P/E/G ratio of 4.40 and a beta of 0.88. Box, Inc. has a 12 month low of $24.56 and a 12 month high of $35.74.

Insider Activity at BOX

In related news, COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the transaction, the chief operating officer now directly owns 440,988 shares in the company, valued at $15,178,806.96. This represents a 1.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 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 disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock valued at $2,889,758 over the last three months. 4.10% of the stock is owned by insiders.

About BOX

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.