Box, Inc. (NYSE:BOX) Shares Bought by Focus Partners Wealth

Focus Partners Wealth raised its position in Box, Inc. (NYSE:BOX) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,498 shares of the software maker’s stock after purchasing an additional 2,816 shares during the quarter. Focus Partners Wealth owned about 0.09% of BOX worth $3,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in BOX by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker’s stock valued at $247,000 after purchasing an additional 391 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock valued at $81,000 after purchasing an additional 417 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in BOX by 1.2% in the 4th quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker’s stock valued at $1,189,000 after purchasing an additional 423 shares during the last quarter. Aspiriant LLC boosted its holdings in BOX by 5.0% in the 4th quarter. Aspiriant LLC now owns 9,048 shares of the software maker’s stock valued at $286,000 after purchasing an additional 427 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in BOX by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker’s stock valued at $548,000 after purchasing an additional 442 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BOX has been the topic of a number of research analyst reports. Raymond James reissued an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Morgan Stanley reduced their price target on shares of BOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. Finally, DA Davidson reduced their price target on shares of BOX from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.44.

BOX Stock Down 0.3%

Shares of BOX opened at $31.61 on Thursday. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74. The firm’s 50 day moving average price is $30.66 and its 200 day moving average price is $32.17. The company has a market cap of $4.55 billion, a P/E ratio of 39.51, a PEG ratio of 4.42 and a beta of 0.94.

BOX declared that its board has approved a stock repurchase plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $31.95, for a total value of $415,350.00. Following the transaction, the chief financial officer now owns 1,440,684 shares of the company’s stock, valued at $46,029,853.80. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,979,780 shares in the company, valued at $95,591,342.40. This trade represents a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,377 shares of company stock valued at $2,060,714 in the last ninety days. Company insiders own 4.10% of the company’s stock.

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.