Myecfo LLC Purchases 906 Shares of Box, Inc. (NYSE:BOX)

Myecfo LLC lifted its position in Box, Inc. (NYSE:BOX) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,205 shares of the software maker’s stock after buying an additional 906 shares during the period. Myecfo LLC’s holdings in BOX were worth $607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOX. Quest Partners LLC acquired a new stake in shares of BOX during the second quarter worth $95,000. BOKF NA acquired a new stake in shares of BOX in the 2nd quarter valued at about $609,000. Federated Hermes Inc. lifted its holdings in shares of BOX by 8.5% in the second quarter. Federated Hermes Inc. now owns 104,296 shares of the software maker’s stock valued at $2,758,000 after purchasing an additional 8,157 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of BOX by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 55,618 shares of the software maker’s stock worth $1,471,000 after buying an additional 10,361 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of BOX by 13.5% during the second quarter. Envestnet Asset Management Inc. now owns 331,872 shares of the software maker’s stock worth $8,775,000 after buying an additional 39,366 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.21, for a total transaction of $444,730.00. Following the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at $49,998,222.89. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eli Berkovitch sold 4,792 shares of BOX stock in a transaction on Monday, December 16th. The stock was sold at an average price of $32.46, for a total value of $155,548.32. Following the sale, the vice president now directly owns 140,172 shares of the company’s stock, valued at $4,549,983.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,383 shares of company stock worth $2,571,983 over the last ninety days. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BOX. Morgan Stanley upped their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. UBS Group increased their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Citigroup increased their price objective 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. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.89.

BOX Trading Up 1.3 %

Shares of NYSE BOX opened at $31.23 on Tuesday. Box, Inc. has a 12 month low of $24.56 and a 12 month high of $35.74. The stock has a 50 day moving average of $32.87 and a 200-day moving average of $30.99. The company has a market capitalization of $4.49 billion, a P/E ratio of 39.04 and a beta of 0.89.

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.