Box, Inc. (NYSE:BOX) Shares Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP boosted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 138.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,052 shares of the software maker's stock after buying an additional 10,470 shares during the quarter. Dark Forest Capital Management LP's holdings in BOX were worth $570,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BOX. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BOX by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after purchasing an additional 1,725,197 shares during the period. Sei Investments Co. grew its position in shares of BOX by 8.4% during the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock worth $103,857,000 after buying an additional 255,623 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BOX by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after buying an additional 11,376 shares during the period. Renaissance Technologies LLC raised its holdings in shares of BOX by 11.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,205,926 shares of the software maker's stock valued at $69,707,000 after acquiring an additional 233,100 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in BOX by 17.5% in the fourth quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker's stock worth $52,445,000 after acquiring an additional 246,993 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BOX shares. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley lowered their target price on BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Royal Bank of Canada restated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, March 19th. Finally, Raymond James reiterated an "outperform" rating and issued a $38.00 target price (down previously from $40.00) on shares of BOX in a research note on Wednesday, March 5th. 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.44.

Insiders Place Their Bets

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.32, for a total transaction of $446,160.00. Following the sale, the chief financial officer now directly owns 1,453,684 shares of the company's stock, valued at $49,890,434.88. This represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Olivia Nottebohm sold 1,332 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $29.01, for a total value of $38,641.32. Following the sale, the chief operating officer now owns 492,545 shares in the company, valued at $14,288,730.45. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,022 shares of company stock worth $2,198,045. Corporate insiders own 4.10% of the company's stock.

BOX Stock Up 2.0 %

Shares of BOX stock traded up $0.62 on Tuesday, hitting $31.45. The company had a trading volume of 1,343,719 shares, compared to its average volume of 1,817,332. The firm has a market cap of $4.52 billion, a P/E ratio of 39.31, 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 company has a 50-day moving average price of $31.05 and a 200-day moving average price of $32.25.

BOX declared that its board has authorized a stock repurchase program on Tuesday, March 4th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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.