UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 308,637 Shares of Box, Inc. (NYSE:BOX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Box, Inc. (NYSE:BOX) by 45.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 369,998 shares of the software maker’s stock after selling 308,637 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BOX were worth $12,110,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC boosted its position 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 purchasing an additional 787 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of BOX during the second quarter valued at approximately $53,000. Nisa Investment Advisors LLC boosted its position in shares of BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of 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 purchasing an additional 1,536 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Trading Up 1.4 %

BOX stock opened at $32.50 on Friday. The stock has a market capitalization of $4.65 billion, a PE ratio of 40.63 and a beta of 0.86. Box, Inc. has a 12-month low of $23.78 and a 12-month high of $35.74. The stock’s 50 day simple moving average is $33.04 and its 200 day simple moving average is $29.93.

Insider Activity at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the sale, the chief financial officer now directly owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,500 shares of company stock valued at $1,711,135. 4.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley raised their price objective on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

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.