Bank of Montreal Can Has $11.64 Million Stock Position in Box, Inc. (NYSE:BOX)

Bank of Montreal Can raised its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 368,299 shares of the software maker's stock after acquiring an additional 48,573 shares during the quarter. Bank of Montreal Can owned approximately 0.26% of BOX worth $11,638,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BOX. Federated Hermes Inc. boosted its position in BOX by 49.9% in the fourth quarter. Federated Hermes Inc. now owns 135,176 shares of the software maker's stock valued at $4,272,000 after buying an additional 45,002 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of BOX by 17.9% in the 4th quarter. Russell Investments Group Ltd. now owns 543,861 shares of the software maker's stock worth $17,245,000 after acquiring an additional 82,649 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in BOX during the 4th quarter worth approximately $816,000. Wells Fargo & Company MN grew its position in BOX by 22.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock worth $51,623,000 after acquiring an additional 304,755 shares during the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new stake in BOX during the 4th quarter valued at $1,418,000. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $29.72, for a total transaction of $386,360.00. Following the transaction, the chief financial officer now directly owns 1,463,951 shares of the company's stock, valued at $43,508,623.72. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Olivia Nottebohm sold 1,332 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32. Following the completion of the sale, the chief operating officer now owns 492,545 shares of the company's stock, valued at approximately $14,288,730.45. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,996 shares of company stock valued at $2,329,886 over the last three months. Company insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BOX shares. JPMorgan Chase & Co. reduced their price objective on BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley dropped their target price on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday. DA Davidson reduced their target price on shares of BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Raymond James restated an "outperform" rating and issued a $38.00 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.44.

BOX Stock Performance

BOX traded down $0.13 during trading on Friday, reaching $29.65. 928,340 shares of the company's stock were exchanged, compared to its average volume of 1,816,226. The company's fifty day moving average price is $31.74 and its 200-day moving average price is $32.34. The firm has a market capitalization of $4.26 billion, a PE ratio of 37.06, a P/E/G ratio of 4.42 and a beta of 0.96. 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 initiated 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 purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

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.