BOX (NYSE:BOX) Upgraded by StockNews.com to Strong-Buy

BOX (NYSE:BOX) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Several other analysts have also recently commented on the company. TheStreet raised BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Morgan Stanley decreased their target price on BOX from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, December 6th. KeyCorp decreased their target price on BOX from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Wednesday, December 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 target price on shares of BOX in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. raised their target price on BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.89.

BOX Price Performance

Shares of BOX traded up $0.07 during trading hours on Tuesday, hitting $28.30. 1,093,460 shares of the company were exchanged, compared to its average volume of 2,470,010. The company has a market capitalization of $4.09 billion, a PE ratio of 42.24, a PEG ratio of 8.73 and a beta of 0.83. The firm has a fifty day simple moving average of $27.12 and a 200-day simple moving average of $25.87. BOX has a one year low of $23.29 and a one year high of $31.94.

Insider Buying and Selling

In other BOX news, VP Eli Berkovitch sold 7,750 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $24.94, for a total transaction of $193,285.00. Following the transaction, the vice president now directly owns 136,733 shares in the company, valued at $3,410,121.02. The transaction was disclosed in a filing with the SEC, which is available through this link. In other BOX news, VP Eli Berkovitch sold 7,750 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $24.94, for a total transaction of $193,285.00. Following the transaction, the vice president now directly owns 136,733 shares in the company, valued at $3,410,121.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at $89,843,803.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,410 shares of company stock worth $3,641,249. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On BOX

A number of institutional investors have recently added to or reduced their stakes in BOX. Champlain Investment Partners LLC acquired a new stake in BOX during the second quarter worth about $105,797,000. Arrowstreet Capital Limited Partnership grew its position in BOX by 165.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,151,620 shares of the software maker’s stock worth $57,642,000 after buying an additional 1,340,114 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in BOX during the first quarter worth about $26,085,000. UBS Group AG grew its position in BOX by 404.3% during the fourth quarter. UBS Group AG now owns 1,001,086 shares of the software maker’s stock worth $25,638,000 after buying an additional 802,564 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in BOX during the fourth quarter worth about $19,606,000. 86.74% of the stock is owned by institutional investors and hedge funds.

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.