Box, Inc. (NYSE:BOX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,399,629 shares of the software maker's stock after buying an additional 27,814 shares during the period. Charles Schwab Investment Management Inc. owned 0.97% of BOX worth $44,228,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of BOX by 1.2% during the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker's stock valued at $184,042,000 after buying an additional 69,107 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock valued at $106,387,000 after buying an additional 13,028 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in BOX by 1.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker's stock worth $79,376,000 after purchasing an additional 44,190 shares during the period. Congress Asset Management Co. grew its holdings in BOX by 17.5% during the 4th quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker's stock valued at $52,445,000 after buying an additional 246,993 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in BOX by 420.6% during the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock valued at $27,097,000 after buying an additional 692,784 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

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BOX Price Performance

Shares of NYSE:BOX traded up $0.90 on Friday, hitting $31.23. 1,714,581 shares of the company's stock were exchanged, compared to its average volume of 1,750,086. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The business's 50 day simple moving average is $32.79 and its two-hundred day simple moving average is $32.77.

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

Insider Transactions at BOX

In other news, VP Eli Berkovitch sold 4,791 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.06, for a total transaction of $148,808.46. Following the transaction, the vice president now owns 132,741 shares in the company, valued at approximately $4,122,935.46. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $31.95, for a total value of $415,350.00. Following the sale, the chief financial officer now directly owns 1,440,684 shares of the company's stock, valued at $46,029,853.80. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,155 shares of company stock worth $2,688,923. 4.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BOX has been the subject of a number of research analyst reports. Raymond James reaffirmed an "outperform" rating and set a $38.00 price objective (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, December 4th. Bank of America began coverage on shares of BOX in a report on Thursday, December 12th. They issued a "buy" rating and a $40.00 target price for the company. UBS Group raised their target price on shares of BOX from $34.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.60.

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.