Centiva Capital LP Takes $304,000 Position in Box, Inc. (NYSE:BOX)

Centiva Capital LP acquired a new stake in shares of Box, Inc. (NYSE:BOX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,290 shares of the software maker’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in BOX by 10.8% in 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 buying an additional 134,175 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in BOX by 143.6% in the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after buying an additional 150,309 shares in the last quarter. Bank of Montreal Can raised its stake in BOX by 16.0% in the second quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock worth $9,514,000 after buying an additional 48,633 shares in the last quarter. Versor Investments LP bought a new position in BOX in the third quarter worth about $1,221,000. Finally, Townsquare Capital LLC bought a new position in BOX in the third quarter worth about $2,021,000. 86.74% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the sale, the chief financial officer now owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 owns 26,697 shares in the company, valued at $927,720.75. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock worth $954,365 over the last 90 days. 4.10% of the stock is currently owned by insiders.

BOX Stock Down 0.2 %

NYSE:BOX opened at $32.49 on Wednesday. The company’s 50 day moving average price is $33.06 and its 200-day moving average price is $30.06. Box, Inc. has a 52 week low of $23.81 and a 52 week high of $35.74. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 40.61 and a beta of 0.86.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BOX shares. Citigroup increased their price target on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research note on Friday, August 16th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. UBS Group raised their target price on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley raised their target price on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

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.