Geode Capital Management LLC Increases Position in Box, Inc. (NYSE:BOX)

Geode Capital Management LLC grew its holdings in shares of Box, Inc. (NYSE:BOX) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,249,823 shares of the software maker’s stock after acquiring an additional 13,028 shares during the period. Geode Capital Management LLC’s holdings in BOX were worth $106,387,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BOX. Itau Unibanco Holding S.A. bought a new position in BOX during the 3rd quarter valued at approximately $36,000. GAMMA Investing LLC increased its holdings in shares of BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares in the last quarter. Quarry LP raised its position in shares of BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the last quarter. Toronto Dominion Bank bought a new position in BOX in the 2nd quarter worth about $53,000. Finally, Farther Finance Advisors LLC grew its position in BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after purchasing an additional 1,536 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BOX has been the subject of several recent analyst reports. Bank of America assumed coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 target price for the company. Citigroup boosted their price objective on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, December 4th. William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, DA Davidson began coverage on BOX in a research report on Wednesday. They set a “buy” rating and a $45.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.89.

BOX Stock Performance

BOX stock opened at $31.99 on Thursday. Box, Inc. has a one year low of $24.28 and a one year high of $35.74. The stock has a fifty day moving average of $33.10 and a 200 day moving average of $30.28. The stock has a market cap of $4.60 billion, a PE ratio of 39.99 and a beta of 0.86.

Insider Activity

In related news, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,178 shares of company stock valued at $2,046,898 in the last quarter. 4.10% of the stock is currently owned by insiders.

About BOX

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.