Sanctuary Advisors LLC Boosts Stock Holdings in Box, Inc. (NYSE:BOX)

Sanctuary Advisors LLC grew its stake in shares of Box, Inc. (NYSE:BOX) by 24.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,352 shares of the software maker’s stock after buying an additional 6,965 shares during the quarter. Sanctuary Advisors LLC’s holdings in BOX were worth $1,212,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Congress Asset Management Co. bought a new position in BOX during the 3rd quarter worth approximately $46,236,000. Earnest Partners LLC grew its holdings in shares of BOX by 8.5% in the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after purchasing an additional 620,450 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after buying an additional 229,314 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $44,900,000 after buying an additional 134,175 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in BOX during the 3rd quarter valued at $4,314,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the transaction, the chief financial officer now directly owns 1,474,509 shares in the company, valued at $47,951,032.68. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eli Berkovitch sold 4,792 shares of BOX stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.46, for a total value of $155,548.32. Following the completion of the transaction, the vice president now directly owns 140,172 shares of the company’s stock, valued at approximately $4,549,983.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,178 shares of company stock valued at $2,046,898 in the last three months. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on BOX. Citigroup boosted their price objective on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. UBS Group upped their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Bank of America assumed coverage on BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. William Blair restated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Finally, DA Davidson began coverage on shares of BOX in a report on Wednesday. They issued a “buy” rating and a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.89.

BOX Trading Down 0.1 %

Shares of BOX stock opened at $32.03 on Friday. The company’s fifty day moving average price is $33.08 and its 200-day moving average price is $30.32. The stock has a market cap of $4.60 billion, a PE ratio of 40.04 and a beta of 0.86. Box, Inc. has a 12 month low of $24.28 and a 12 month high of $35.74.

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.