Intech Investment Management LLC Increases Holdings in Box, Inc. (NYSE:BOX)

Intech Investment Management LLC lifted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 52.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,417 shares of the software maker's stock after purchasing an additional 19,074 shares during the quarter. Intech Investment Management LLC's holdings in BOX were worth $1,751,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Natixis Advisors LLC raised its stake in BOX by 20.5% during the 3rd quarter. Natixis Advisors LLC now owns 382,530 shares of the software maker's stock worth $12,520,000 after buying an additional 65,185 shares during the period. Pathstone Holdings LLC raised its position in shares of BOX by 7.3% during the third quarter. Pathstone Holdings LLC now owns 51,813 shares of the software maker's stock worth $1,696,000 after purchasing an additional 3,532 shares during the period. Integrated Investment Consultants LLC lifted its holdings in shares of BOX by 8.9% in the 3rd quarter. Integrated Investment Consultants LLC now owns 15,542 shares of the software maker's stock worth $509,000 after purchasing an additional 1,268 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in BOX by 5.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 89,229 shares of the software maker's stock valued at $2,920,000 after purchasing an additional 4,766 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in BOX by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock valued at $44,900,000 after purchasing an additional 134,175 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

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BOX Stock Down 0.1 %

BOX stock traded down $0.04 during mid-day trading on Tuesday, reaching $30.77. 1,154,367 shares of the company's stock were exchanged, compared to its average volume of 1,730,473. The business's fifty day simple moving average is $32.73 and its 200 day simple moving average is $32.69. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The firm has a market capitalization of $4.42 billion, a PE ratio of 38.46, a P/E/G ratio of 4.42 and a beta of 1.00.

BOX announced that its board has approved a stock buyback plan on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 4th. DA Davidson reaffirmed a "buy" rating and issued a $45.00 price target on shares of BOX in a research report on Wednesday, March 19th. Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, UBS Group lifted their target price on 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 assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, BOX presently has an average rating of "Moderate Buy" and an average price target of $37.11.

Insider Buying and Selling

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the sale, the chief financial officer now directly owns 1,466,684 shares in the company, valued at $45,540,538.20. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Olivia Nottebohm sold 12,414 shares of the stock in a transaction 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 owns 453,146 shares of the company's stock, valued at $14,432,700.10. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,363 shares of company stock valued at $2,533,374. 4.10% of the stock is owned by insiders.

BOX 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.