Blueshift Asset Management LLC Buys New Holdings in Box, Inc. (NYSE:BOX)

Blueshift Asset Management LLC acquired a new stake in Box, Inc. (NYSE:BOX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,119 shares of the software maker's stock, valued at approximately $288,000.

Several other institutional investors have also added to or reduced their stakes in BOX. Janney Montgomery Scott LLC boosted its stake in shares of 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 in the last quarter. Farther Finance Advisors LLC lifted its stake 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 position in BOX by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock valued at $1,189,000 after buying an additional 423 shares in the last quarter. Aspiriant LLC grew its stake in shares of BOX by 5.0% during the fourth quarter. Aspiriant LLC now owns 9,048 shares of the software maker's stock worth $286,000 after buying an additional 427 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of BOX by 2.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker's stock worth $548,000 after buying an additional 442 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at BOX

In related news, COO Olivia Nottebohm sold 6,079 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the sale, the chief operating officer now owns 440,988 shares in the company, valued at $15,178,806.96. This represents a 1.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 4,791 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.06, for a total value of $148,808.46. Following the sale, the vice president now directly owns 132,741 shares of the company's stock, valued at $4,122,935.46. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,363 shares of company stock worth $2,533,374 over the last quarter. Company insiders own 4.10% of the company's stock.

BOX Stock Performance

Shares of NYSE:BOX traded up $0.24 during trading on Wednesday, reaching $30.99. The stock had a trading volume of 1,402,563 shares, compared to its average volume of 1,728,866. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The firm's fifty day moving average is $32.71 and its 200 day moving average is $32.68. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 38.74, a P/E/G ratio of 4.42 and a beta of 1.00.

BOX announced that its board has approved a share repurchase program on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

BOX has been the topic of a number of research reports. Citigroup boosted their price objective on BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Bank of America began coverage on BOX in a report on Thursday, December 12th. They set a "buy" rating and a $40.00 price target on the stock. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. Morgan Stanley lifted their target price on shares of BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 4th. Finally, UBS Group upped their price target on shares of BOX from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BOX has a consensus rating of "Moderate Buy" and a consensus price target of $37.11.

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.