CWA Asset Management Group LLC Buys 9,016 Shares of Box, Inc. (NYSE:BOX)

CWA Asset Management Group LLC raised its position in shares of Box, Inc. (NYSE:BOX) by 60.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,875 shares of the software maker’s stock after acquiring an additional 9,016 shares during the period. CWA Asset Management Group LLC’s holdings in BOX were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Earnest Partners LLC grew its holdings in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after purchasing an additional 620,450 shares during the last quarter. State Street Corp grew its stake in shares of BOX by 1.2% during the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock valued at $184,042,000 after buying an additional 69,107 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after buying an additional 13,028 shares during the period. Sei Investments Co. lifted its stake in shares of BOX by 4.2% during the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock worth $81,405,000 after acquiring an additional 125,435 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after acquiring an additional 229,314 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Trading Down 0.8 %

Shares of BOX stock opened at $31.12 on Wednesday. Box, Inc. has a 12-month low of $24.56 and a 12-month high of $35.74. The business’s fifty day simple moving average is $32.95 and its 200-day simple moving average is $30.83. The company has a market cap of $4.47 billion, a PE ratio of 38.90 and a beta of 0.89.

Insider Buying and Selling

In related news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total value of $325,400.00. Following the transaction, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, valued at $97,592,503.70. This represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 12,414 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the transaction, the chief operating officer now owns 453,146 shares of the company’s stock, valued at $14,432,700.10. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,592 shares of company stock worth $2,442,284 in the last ninety days. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BOX has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, December 4th. Morgan Stanley upped their target price on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 13th. Finally, UBS Group lifted their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.89.

BOX 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.