Bank of Montreal Can raised its position in shares of Box Inc (NYSE:BOX) by 106.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,133 shares of the technology company’s stock after buying an additional 38,530 shares during the quarter. Bank of Montreal Can owned approximately 0.17% of Box worth $12,378,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in BOX. Fairmount Capital Management LLC purchased a new stake in shares of Box during the fourth quarter valued at approximately $321,000. Canada Pension Plan Investment Board lifted its holdings in shares of Box by 68.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 164,600 shares of the technology company’s stock valued at $24,570,000 after purchasing an additional 61,900 shares during the period. Opus Capital Group LLC lifted its holdings in shares of Box by 2.4% during the fourth quarter. Opus Capital Group LLC now owns 57,418 shares of the technology company’s stock valued at $10,983,000 after purchasing an additional 1,320 shares during the period. Gruntal & Co. Inc. purchased a new stake in shares of Box during the fourth quarter valued at approximately $417,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Box during the fourth quarter valued at approximately $673,000. 76.27% of the stock is currently owned by institutional investors and hedge funds.
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Shares of NYSE BOX opened at $31.87 on Friday. The firm has a market capitalization of $1.34 billion, a PE ratio of -2.86 and a beta of 2.52. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.16. Box Inc has a 12 month low of $24.73 and a 12 month high of $54.35.
A number of equities analysts have recently weighed in on BOX shares. Canaccord Genuity reiterated a “buy” rating and issued a $51.00 price objective on shares of Box in a research note on Tuesday, November 27th. Wells Fargo & Co reiterated a “buy” rating and issued a $54.00 price objective on shares of Box in a research note on Tuesday, November 27th. Zacks Investment Research downgraded shares of Box from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. KeyCorp reiterated a “buy” rating and issued a $61.00 price objective on shares of Box in a research note on Thursday, November 1st. Finally, Morgan Stanley upgraded shares of Box from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective for the company in a research note on Wednesday, November 14th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $45.31.
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Box, Inc provides cloud content management services for enterprises worldwide. Its cloud content management solution enables its users to securely access, share, collaborate, and manage all content across all devices from one central location. The company offers Box Office, a downloadable software that enables users to create, edit, and share content on their desktop, as well as laptop and phone; Box Sync that synchronizes user access across desktop and mobile devices; Box Connect that connects Box Office to enterprise enterprise applications; and Box App Store that features third-party applications for managing content.
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