Charles Schwab Investment Management Inc. Has $44.23 Million Position in Box, Inc. (NYSE:BOX)

Charles Schwab Investment Management Inc. lifted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,399,629 shares of the software maker's stock after acquiring an additional 27,814 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 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 bought and sold shares of BOX. Janney Montgomery Scott LLC grew its holdings in shares of BOX by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker's stock worth $247,000 after purchasing an additional 391 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of BOX by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock worth $1,189,000 after acquiring an additional 423 shares during the last quarter. Aspiriant LLC lifted its position 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 purchasing an additional 427 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position 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 purchasing an additional 442 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of BOX by 1.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 39,768 shares of the software maker's stock valued at $1,257,000 after purchasing an additional 522 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 4th. StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Bank of America started coverage on shares of BOX in a research note on Thursday, December 12th. They issued a "buy" rating and a $40.00 target price on the stock. DA Davidson assumed coverage on shares of BOX in a research note on Wednesday, December 18th. They set a "buy" rating and a $45.00 price target for the company. Finally, Raymond James reaffirmed an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.60.

BOX Trading Up 3.0 %

Shares of NYSE BOX traded up $0.90 during mid-day trading on Friday, reaching $31.23. 1,714,581 shares of the company's stock were exchanged, compared to its average volume of 1,865,878. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 4.42 and a beta of 1.00. The business has a fifty day simple moving average of $32.79 and a 200 day simple moving average of $32.74.

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

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 4,792 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.46, for a total transaction of $155,548.32. Following the completion of the transaction, the vice president now directly owns 140,172 shares in the company, valued at approximately $4,549,983.12. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 12,414 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $31.85, for a total value of $395,385.90. Following the transaction, the chief operating officer now directly owns 453,146 shares of the company's stock, valued at approximately $14,432,700.10. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,155 shares of company stock valued at $2,688,923. 4.10% of the stock is currently owned by corporate insiders.

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.