Mackenzie Financial Corp Purchases 73,896 Shares of Box, Inc. $BOX

Mackenzie Financial Corp lifted its position in Box, Inc. (NYSE:BOX) by 15.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 560,329 shares of the software maker’s stock after buying an additional 73,896 shares during the period. Mackenzie Financial Corp’s holdings in BOX were worth $19,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BOX. Caitong International Asset Management Co. Ltd increased its position in BOX by 7,130.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after acquiring an additional 713 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of BOX during the 1st quarter valued at about $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of BOX during the 2nd quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of BOX by 692.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock worth $45,000 after purchasing an additional 1,150 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of BOX in the 2nd quarter worth approximately $55,000. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the subject of several recent research reports. Weiss Ratings lowered shares of BOX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Citigroup boosted their price objective on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Zacks Research cut BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Royal Bank Of Canada boosted their price target on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a report on Wednesday, August 27th. Finally, UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.25.

BOX Stock Down 0.6%

NYSE BOX opened at $29.36 on Tuesday. Box, Inc. has a twelve month low of $28.00 and a twelve month high of $38.80. The business has a 50-day moving average price of $31.82 and a 200-day moving average price of $32.76. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 23.68 and a beta of 0.79.

Insiders Place Their Bets

In other BOX news, VP Eli Berkovitch sold 3,500 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $32.77, for a total transaction of $114,695.00. Following the completion of the sale, the vice president directly owned 128,847 shares of the company’s stock, valued at $4,222,316.19. This trade represents a 2.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 51,000 shares of BOX stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the sale, the chief financial officer owned 1,480,732 shares in the company, valued at approximately $48,612,431.56. The trade was a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 122,336 shares of company stock worth $3,986,999 over the last ninety days. 3.90% of the stock is owned by company insiders.

BOX Profile

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.