American Century Companies Inc. Has $1.60 Million Holdings in Box, Inc. (NYSE:BOX)

American Century Companies Inc. cut its position in Box, Inc. (NYSE:BOX - Free Report) by 76.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,703 shares of the software maker's stock after selling 167,712 shares during the period. American Century Companies Inc.'s holdings in BOX were worth $1,602,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BOX. Jupiter Asset Management Ltd. acquired a new stake in BOX during the 4th quarter worth approximately $24,234,000. Fisher Asset Management LLC lifted its position in BOX by 420.6% in the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock valued at $27,097,000 after acquiring an additional 692,784 shares in the last quarter. Raymond James Financial Inc. bought a new stake in BOX in the 4th quarter valued at $8,405,000. Congress Asset Management Co. boosted its stake in BOX by 17.5% in the 4th quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker's stock worth $52,445,000 after purchasing an additional 246,993 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in BOX during the 4th quarter worth about $6,283,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BOX shares. Raymond James restated an "outperform" rating and issued a $38.00 price target (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, March 19th. DA Davidson decreased their price target on shares of BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BOX currently has a consensus rating of "Moderate Buy" and an average target price of $36.56.

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BOX Price Performance

BOX stock traded down $0.08 during trading hours on Tuesday, reaching $30.03. The stock had a trading volume of 105,772 shares, compared to its average volume of 1,813,026. The stock has a market capitalization of $4.32 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. The stock has a 50-day simple moving average of $32.02 and a 200 day simple moving average of $32.40. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74.

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

Insider Activity at BOX

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total transaction of $193,980.89. Following the completion of the transaction, the chief operating officer now directly owns 447,067 shares of the company's stock, valued at $14,265,907.97. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the completion of the transaction, the chief financial officer now directly owns 1,453,684 shares in the company, valued at $49,890,434.88. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,996 shares of company stock worth $2,329,886. Insiders own 4.10% of the company's stock.

BOX Company 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.