Bridgewater Associates LP Has $3.71 Million Position in Box, Inc. (NYSE:BOX)

Bridgewater Associates LP lifted its holdings in Box, Inc. (NYSE:BOX) by 15.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 113,272 shares of the software maker’s stock after purchasing an additional 15,119 shares during the quarter. Bridgewater Associates LP owned about 0.08% of BOX worth $3,707,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of BOX by 3.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after buying an additional 560 shares during the period. Connable Office Inc. lifted its position in shares of BOX by 3.8% in the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after purchasing an additional 573 shares in the last quarter. Creative Planning boosted its holdings in BOX by 4.2% during the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock worth $515,000 after purchasing an additional 631 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after purchasing an additional 632 shares during the last quarter. Finally, Diversified Trust Co grew its position in BOX by 2.9% in the second quarter. Diversified Trust Co now owns 26,980 shares of the software maker’s stock valued at $713,000 after purchasing an additional 768 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction 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 directly owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at $49,998,222.89. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,500 shares of company stock valued at $1,711,135. 4.10% of the stock is owned by company insiders.

BOX Stock Performance

BOX opened at $35.09 on Friday. The stock has a fifty day moving average of $32.99 and a 200-day moving average of $29.69. The company has a market capitalization of $5.03 billion, a P/E ratio of 44.42 and a beta of 0.85. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.74.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BOX shares. William Blair restated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Citigroup boosted their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. UBS Group increased their price target on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.22.

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.