Caisse DE Depot ET Placement DU Quebec Makes New $4.31 Million Investment in Box, Inc. (NYSE:BOX)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in Box, Inc. (NYSE:BOX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 131,795 shares of the software maker’s stock, valued at approximately $4,314,000.

A number of other hedge funds also recently made changes to their positions in BOX. GAMMA Investing LLC raised its position in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after purchasing an additional 787 shares in the last quarter. Quarry LP raised its holdings in shares of BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of BOX during the 2nd quarter worth approximately $53,000. Farther Finance Advisors LLC boosted its stake in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after buying an additional 1,536 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity

In related news, Director Jack R. Lazar sold 2,500 shares of the firm’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 transaction, the director now owns 26,697 shares in the company, valued at $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the sale, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,500 shares of company stock valued at $1,711,135. Company insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BOX. Morgan Stanley lifted their price objective on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX Price Performance

BOX stock opened at $35.10 on Tuesday. The company has a 50 day moving average price of $32.99 and a 200 day moving average price of $29.73. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.74. The stock has a market capitalization of $5.03 billion, a PE ratio of 44.43 and a beta of 0.85.

About BOX

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.