Profit Investment Management LLC Has $3.16 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Profit Investment Management LLC lifted its holdings in Box, Inc. (NYSE:BOX) by 3.9% in the fourth quarter, HoldingsChannel reports. The fund owned 100,008 shares of the software maker’s stock after buying an additional 3,720 shares during the period. BOX makes up 2.5% of Profit Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. Profit Investment Management LLC’s holdings in BOX were worth $3,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BOX. Congress Asset Management Co. bought a new stake in shares of BOX in the 3rd quarter worth approximately $46,236,000. Earnest Partners LLC lifted its holdings in shares of BOX by 8.5% in the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after acquiring an additional 620,450 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after acquiring an additional 229,314 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $44,900,000 after acquiring an additional 134,175 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of BOX in the 3rd quarter worth approximately $4,314,000. 86.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BOX news, VP Eli Berkovitch sold 4,791 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.06, for a total transaction of $148,808.46. Following the transaction, the vice president now owns 132,741 shares in the company, valued at approximately $4,122,935.46. This represents a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.21, for a total transaction of $444,730.00. Following the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at $49,998,222.89. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,383 shares of company stock worth $2,571,983 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

BOX Price Performance

Shares of BOX stock opened at $31.54 on Friday. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 5.59 and a beta of 0.89. The firm’s 50-day moving average is $32.81 and its 200 day moving average is $31.03. Box, Inc. has a 1 year low of $24.56 and a 1 year high of $35.74.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. DA Davidson began coverage on shares of BOX in a report on Wednesday, December 18th. They issued a “buy” rating and a $45.00 price objective for the company. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group lifted their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Morgan Stanley boosted their price objective 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. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.