Summit Trail Advisors LLC Has $840,000 Stock Holdings in Box, Inc. (NYSE:BOX)

Summit Trail Advisors LLC lifted its position in shares of Box, Inc. (NYSE:BOX) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,596 shares of the software maker’s stock after purchasing an additional 6,017 shares during the period. Summit Trail Advisors LLC’s holdings in BOX were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in BOX by 1.2% during the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after buying an additional 69,107 shares during the period. Geode Capital Management LLC raised its stake in shares of BOX by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock valued at $106,387,000 after acquiring an additional 13,028 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of BOX by 1.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock worth $79,376,000 after purchasing an additional 44,190 shares during the period. Congress Asset Management Co. bought a new stake in shares of BOX in the third quarter worth $46,236,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after purchasing an additional 134,175 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the topic of several recent research reports. UBS Group lifted their target price on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Bank of America initiated coverage on BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Morgan Stanley increased their target price on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, William Blair reaffirmed an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. One 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, BOX has a consensus rating of “Moderate Buy” and an average price target of $35.89.

BOX Stock Down 0.1 %

Shares of BOX stock opened at $34.65 on Wednesday. Box, Inc. has a 52 week low of $24.56 and a 52 week high of $35.74. The firm has a 50 day moving average of $32.27 and a 200-day moving average of $31.93. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 4.40 and a beta of 0.88.

Insider Buying and Selling at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.32, for a total value of $446,160.00. Following the sale, the chief financial officer now owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.42, for a total value of $209,239.18. Following the transaction, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at approximately $15,178,806.96. This trade represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,041 shares of company stock worth $2,889,758. Insiders own 4.10% of the company’s stock.

BOX Profile

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.