OLD National Bancorp IN Purchases New Shares in Box, Inc. (NYSE:BOX)

OLD National Bancorp IN acquired a new position in Box, Inc. (NYSE:BOX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,435 shares of the software maker’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in BOX by 32.4% in the second quarter. AQR Capital Management LLC now owns 51,536 shares of the software maker’s stock worth $1,363,000 after buying an additional 12,612 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of BOX by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 82,888 shares of the software maker’s stock worth $2,192,000 after acquiring an additional 1,160 shares in the last quarter. Creative Planning lifted its stake in shares of BOX by 6.0% in the 2nd quarter. Creative Planning now owns 15,112 shares of the software maker’s stock valued at $400,000 after purchasing an additional 860 shares during the period. Quarry LP boosted its position in shares of BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in BOX by 25.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 48,700 shares of the software maker’s stock worth $1,288,000 after purchasing an additional 10,000 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.21, for a total transaction of $444,730.00. Following the completion of the sale, the chief financial officer now directly owns 1,461,509 shares in the company, valued at $49,998,222.89. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares in the company, valued at $927,720.75. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,462 shares of company stock worth $2,765,964. 4.10% of the stock is owned by insiders.

BOX Stock Up 0.5 %

BOX opened at $33.40 on Monday. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 6.02 and a beta of 0.89. The firm has a 50 day moving average price of $32.40 and a 200-day moving average price of $31.58. Box, Inc. has a twelve month low of $24.56 and a twelve month high of $35.74.

Analysts Set New Price Targets

BOX has been the subject of several recent research reports. DA Davidson assumed coverage on BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price objective for the company. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group raised their target price on shares of BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.