Coldstream Capital Management Inc. Purchases 1,690 Shares of Box, Inc. (NYSE:BOX)

Coldstream Capital Management Inc. grew its position in Box, Inc. (NYSE:BOX) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,546 shares of the software maker’s stock after acquiring an additional 1,690 shares during the period. Coldstream Capital Management Inc.’s holdings in BOX were worth $476,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in BOX by 80.7% during the second quarter. SG Americas Securities LLC now owns 15,794 shares of the software maker’s stock worth $418,000 after buying an additional 7,053 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in BOX by 143.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after purchasing an additional 150,309 shares during the period. Blue Trust Inc. grew its holdings in BOX by 20.9% in the 2nd quarter. Blue Trust Inc. now owns 11,448 shares of the software maker’s stock valued at $324,000 after buying an additional 1,982 shares in the last quarter. Nisa Investment Advisors LLC increased its position in BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of BOX during the second quarter worth $1,406,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Trading Down 1.6 %

BOX stock opened at $32.49 on Friday. The stock has a 50-day moving average price of $33.10 and a two-hundred day moving average price of $30.18. Box, Inc. has a 12 month low of $24.28 and a 12 month high of $35.74. The company has a market capitalization of $4.67 billion, a PE ratio of 40.61 and a beta of 0.86.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total transaction of $325,400.00. Following the transaction, the chief executive officer now directly owns 2,999,155 shares of the company’s stock, valued at approximately $97,592,503.70. The trade was a 0.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Levin sold 5,886 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $32.50, for a total value of $191,295.00. Following the completion of the sale, the director now directly owns 51,530 shares of the company’s stock, valued at approximately $1,674,725. The trade was a 10.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,386 shares of company stock worth $1,891,350 in the last quarter. 4.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Friday. Citigroup raised their target price on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

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.