Natixis Advisors LLC Increases Stock Position in Box, Inc. (NYSE:BOX)

Natixis Advisors LLC lifted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 431,881 shares of the software maker's stock after buying an additional 49,351 shares during the quarter. Natixis Advisors LLC owned about 0.30% of BOX worth $13,647,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BOX. Jupiter Asset Management Ltd. purchased a new stake in shares of BOX during the 4th quarter valued at approximately $24,234,000. Fisher Asset Management LLC lifted its stake in shares of 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. Raymond James Financial Inc. purchased a new stake in shares of BOX during the 4th quarter valued at approximately $8,405,000. Congress Asset Management Co. lifted its stake in shares of 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, Madison Investment Advisors LLC purchased a new stake in shares of BOX during the 4th quarter valued at approximately $6,283,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 4th. DA Davidson reaffirmed a "buy" rating and set a $45.00 target price on shares of BOX in a report on Wednesday. Citigroup upped their target price on shares of BOX from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Bank of America assumed coverage on shares of BOX in a report on Thursday, December 12th. They set a "buy" rating and a $40.00 target price on the stock. Finally, UBS Group upped their target price on shares of BOX from $34.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. One 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.11.

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BOX Trading Up 0.4 %

Shares of NYSE:BOX traded up $0.13 during trading on Friday, reaching $30.35. The company had a trading volume of 2,367,311 shares, compared to its average volume of 1,731,793. 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 $4.36 billion, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The company has a fifty day moving average of $32.73 and a two-hundred day moving average of $32.71.

BOX announced that its Board of Directors has authorized a stock buyback plan 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 plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, VP Eli Berkovitch sold 4,791 shares of the company's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the sale, the vice president now owns 132,741 shares of the company's stock, valued at approximately $4,122,935.46. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Olivia Nottebohm sold 12,414 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the completion of the sale, the chief operating officer now directly owns 453,146 shares of the company's stock, valued at $14,432,700.10. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,363 shares of company stock valued at $2,533,374. Corporate insiders own 4.10% of the company's stock.

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.