Box, Inc. (NYSE:BOX) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 415,222 shares of the software maker's stock after purchasing an additional 56,328 shares during the quarter. Barclays PLC owned about 0.29% of BOX worth $13,121,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in BOX by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker's stock valued at $247,000 after buying an additional 391 shares in the last quarter. Farther Finance Advisors LLC increased 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 in the last quarter. Sanctuary Advisors LLC raised its holdings in BOX by 1.2% during the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock worth $1,189,000 after purchasing an additional 423 shares during the last quarter. Aspiriant LLC boosted its position in 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 purchasing an additional 427 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in BOX by 2.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker's stock valued at $548,000 after purchasing an additional 442 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BOX shares. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, March 19th. Morgan Stanley reduced their target price on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Raymond James reiterated an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.44.

BOX Stock Performance

Shares of BOX stock traded up $0.51 during trading hours on Thursday, reaching $30.81. The company had a trading volume of 751,832 shares, compared to its average volume of 1,816,534. The company has a market capitalization of $4.43 billion, a P/E ratio of 38.51, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74. The stock's fifty day simple moving average is $31.32 and its 200 day simple moving average is $32.28.

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

Insider Activity

In related news, COO Olivia Nottebohm sold 6,079 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total value of $209,239.18. Following the completion of the transaction, the chief operating officer now owns 440,988 shares of the company's stock, valued at approximately $15,178,806.96. This represents a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.32, for a total value of $446,160.00. Following the sale, the chief financial officer now owns 1,453,684 shares in the company, valued at $49,890,434.88. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,022 shares of company stock worth $2,198,045 over the last 90 days. Company 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.