Ensign Peak Advisors Inc Acquires 20,847 Shares of Box, Inc. (NYSE:BOX)

Ensign Peak Advisors Inc grew its holdings in Box, Inc. (NYSE:BOX) by 22.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 114,955 shares of the software maker’s stock after purchasing an additional 20,847 shares during the period. Ensign Peak Advisors Inc’s holdings in BOX were worth $3,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BOX. Smartleaf Asset Management LLC increased its stake in shares of BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after purchasing an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of BOX by 42.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock valued at $69,000 after acquiring an additional 653 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock valued at $81,000 after acquiring an additional 417 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of BOX during the 4th quarter valued at $132,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of BOX during the 4th quarter valued at $134,000. Institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In other news, VP Eli Berkovitch sold 2,750 shares of BOX stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $29.58, for a total value of $81,345.00. Following the completion of the transaction, the vice president now directly owns 121,922 shares of the company’s stock, valued at approximately $3,606,452.76. This trade represents a 2.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Olivia Nottebohm sold 1,332 shares of BOX stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $29.01, for a total value of $38,641.32. Following the completion of the transaction, the chief operating officer now directly owns 492,545 shares of the company’s stock, valued at approximately $14,288,730.45. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,377 shares of company stock valued at $2,060,714. 4.10% of the stock is currently owned by company insiders.

BOX Trading Down 0.3%

Shares of BOX opened at $31.61 on Thursday. The company has a market capitalization of $4.55 billion, a PE ratio of 39.51, a PEG ratio of 4.42 and a beta of 0.94. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock’s 50-day moving average price is $30.66 and its two-hundred day moving average price is $32.17.

BOX declared that its board has authorized a stock buyback program on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

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.