Box, Inc. (NYSE:BOX) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in Box, Inc. (NYSE:BOXGet Rating) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,764 shares of the software maker’s stock after selling 650 shares during the period. Janney Montgomery Scott LLC’s holdings in BOX were worth $848,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BOX. Fifth Third Bancorp lifted its stake in BOX by 139.2% during the 3rd quarter. Fifth Third Bancorp now owns 53,836 shares of the software maker’s stock worth $1,313,000 after acquiring an additional 31,328 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in BOX by 27.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 4,446 shares of the software maker’s stock worth $112,000 after acquiring an additional 957 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in BOX by 32.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,080,803 shares of the software maker’s stock worth $50,751,000 after acquiring an additional 508,869 shares in the last quarter. FCF Advisors LLC lifted its stake in BOX by 18.2% during the 3rd quarter. FCF Advisors LLC now owns 28,632 shares of the software maker’s stock worth $698,000 after acquiring an additional 4,404 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in BOX by 613.2% during the 3rd quarter. Mackenzie Financial Corp now owns 142,648 shares of the software maker’s stock worth $3,479,000 after acquiring an additional 122,647 shares in the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BOX shares. Oppenheimer reissued an “outperform” rating and set a $35.00 target price on shares of BOX in a research note on Monday, December 5th. JPMorgan Chase & Co. upgraded BOX from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $31.00 to $34.00 in a report on Monday, December 12th. Credit Suisse Group began coverage on BOX in a report on Monday, November 21st. They set an “outperform” rating and a $36.00 price target on the stock. Morgan Stanley upped their price target on BOX from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, December 19th. Finally, Royal Bank of Canada downgraded BOX from a “sector perform” rating to an “underperform” rating and cut their price target for the stock from $28.00 to $24.00 in a report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

BOX Stock Performance

BOX opened at $30.54 on Friday. Box, Inc. has a one year low of $22.31 and a one year high of $33.04. The company has a market cap of $4.36 billion, a P/E ratio of -277.64 and a beta of 1.06. The business’s 50-day simple moving average is $29.65 and its 200-day simple moving average is $28.24.

Insider Activity

In other news, VP Eli Berkovitch sold 4,000 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $30.14, for a total value of $120,560.00. Following the transaction, the vice president now owns 146,306 shares in the company, valued at approximately $4,409,662.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of $28.11, for a total transaction of $365,430.00. Following the transaction, the chief financial officer now owns 1,288,904 shares in the company, valued at approximately $36,231,091.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Eli Berkovitch sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $30.14, for a total value of $120,560.00. Following the transaction, the vice president now owns 146,306 shares in the company, valued at approximately $4,409,662.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 296,919 shares of company stock worth $8,753,424. 5.20% of the stock is currently owned by insiders.

About BOX

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Box, Inc engages in the provision of enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, box governance, box zones, box relay, box shuttle, box keysafe and automations.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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