Matisse Capital Raises Stock Holdings in Box, Inc. (NYSE:BOX)

Matisse Capital boosted its holdings in Box, Inc. (NYSE:BOX) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,000 shares of the software maker’s stock after purchasing an additional 3,500 shares during the period. Matisse Capital’s holdings in BOX were worth $474,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BOX. AQR Capital Management LLC increased its position in shares of BOX by 32.4% during the 2nd quarter. AQR Capital Management LLC now owns 51,536 shares of the software maker’s stock valued at $1,363,000 after purchasing an additional 12,612 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of BOX by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 82,888 shares of the software maker’s stock worth $2,192,000 after buying an additional 1,160 shares during the last quarter. Creative Planning increased its stake in shares of BOX by 6.0% in the second quarter. Creative Planning now owns 15,112 shares of the software maker’s stock worth $400,000 after purchasing an additional 860 shares during the period. Sanctuary Advisors LLC bought a new position in shares of BOX in the second quarter worth about $762,000. Finally, SG Americas Securities LLC increased its stake in BOX by 142.6% during the third quarter. SG Americas Securities LLC now owns 38,316 shares of the software maker’s stock valued at $1,254,000 after acquiring an additional 22,522 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Stock Up 0.4 %

Shares of NYSE:BOX opened at $33.52 on Tuesday. Box, Inc. has a 52-week low of $24.56 and a 52-week high of $35.74. The company has a 50 day moving average of $32.36 and a two-hundred day moving average of $31.63. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 6.06 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BOX. Citigroup boosted their target price on BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley increased their price objective 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 reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Bank of America started coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, DA Davidson assumed coverage on shares of BOX in a research note on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

Insider Buying and Selling

In related news, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $31.91, for a total value of $193,980.89. Following the transaction, the chief operating officer now owns 447,067 shares of the company’s stock, valued at approximately $14,265,907.97. The trade was a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,462 shares of company stock valued at $2,765,964 over the last three months. Company insiders own 4.10% of the company’s stock.

About BOX

Box, Inc engages in the provision of an 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, and Box KeySafe.