Amundi Grows Stake in Box, Inc. (NYSE:BOX)

Amundi raised its holdings in Box, Inc. (NYSE:BOX - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,619 shares of the software maker's stock after purchasing an additional 49,780 shares during the period. Amundi owned about 0.12% of BOX worth $5,344,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Edgestream Partners L.P. purchased a new stake in BOX in the 4th quarter worth $2,671,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of BOX in the fourth quarter valued at about $5,997,000. Raymond James Financial Inc. purchased a new stake in shares of BOX during the fourth quarter worth about $8,405,000. Atria Investments Inc increased its stake in shares of BOX by 9.4% during the fourth quarter. Atria Investments Inc now owns 27,321 shares of the software maker's stock worth $863,000 after purchasing an additional 2,352 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of BOX by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,399,629 shares of the software maker's stock worth $44,228,000 after purchasing an additional 27,814 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Olivia Nottebohm sold 12,414 shares of BOX stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $31.85, for a total value of $395,385.90. Following the completion of the sale, the chief operating officer now owns 453,146 shares in the company, valued at approximately $14,432,700.10. This trade represents a 2.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the transaction, the chief financial officer now owns 1,466,684 shares in the company, valued at $45,540,538.20. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,363 shares of company stock valued at $2,533,374 in the last quarter. Insiders own 4.10% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have commented on BOX. DA Davidson started coverage on BOX in a research note on Wednesday, December 18th. They set a "buy" rating and a $45.00 price objective for the company. 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. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Citigroup upped their target price on shares of BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Bank of America began coverage on shares of BOX in a research note on Thursday, December 12th. They issued a "buy" rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.60.

BOX Stock Down 1.6 %

Shares of BOX stock traded down $0.49 during mid-day trading on Monday, hitting $30.75. The stock had a trading volume of 442,122 shares, compared to its average volume of 1,745,109. The firm has a market cap of $4.42 billion, a P/E ratio of 38.43, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $35.74. The firm has a 50-day moving average of $32.79 and a two-hundred day moving average of $32.78.

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

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.