Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Position in Box, Inc. (NYSE:BOX)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Box, Inc. (NYSE:BOX) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,768 shares of the software maker’s stock after purchasing an additional 522 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in BOX were worth $1,257,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of BOX by 10.8% in the 3rd 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 in the last quarter. Versor Investments LP acquired a new stake in BOX in the 3rd quarter valued at about $1,221,000. Townsquare Capital LLC acquired a new stake in BOX in the 3rd quarter valued at about $2,021,000. Petrus Trust Company LTA acquired a new stake in BOX in the 3rd quarter valued at about $615,000. Finally, SG Americas Securities LLC grew its stake in BOX by 142.6% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 6,079 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total value of $193,980.89. Following the sale, the chief operating officer now directly owns 447,067 shares of the company’s stock, valued at approximately $14,265,907.97. This trade represents a 1.34 % 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 the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $32.54, for a total transaction of $325,400.00. Following the completion of the sale, the chief executive officer now directly owns 2,999,155 shares in the company, valued at $97,592,503.70. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,462 shares of company stock valued at $2,765,964. Insiders own 4.10% of the company’s stock.

BOX Stock Performance

BOX opened at $33.58 on Wednesday. The company’s 50 day simple moving average is $32.42 and its 200 day simple moving average is $31.44. Box, Inc. has a 1 year low of $24.56 and a 1 year high of $35.74. The stock has a market capitalization of $4.83 billion, a PE ratio of 41.97, a P/E/G ratio of 5.70 and a beta of 0.89.

Analyst Ratings Changes

A number of brokerages recently commented on BOX. Bank of America began coverage on shares of BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. DA Davidson started 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. Finally, Citigroup raised their price target on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.89.

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.