Box, Inc. (NYSE:BOX) Shares Acquired by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. grew its stake in Box, Inc. (NYSE:BOX - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 558,500 shares of the software maker's stock after acquiring an additional 36,500 shares during the period. Oberweis Asset Management Inc. owned about 0.39% of BOX worth $17,649,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Integrated Quantitative Investments LLC purchased a new stake in BOX in the fourth quarter valued at approximately $1,418,000. Bryce Point Capital LLC purchased a new stake in shares of BOX in the 4th quarter valued at $1,620,000. Beacon Harbor Wealth Advisors Inc. acquired a new position in BOX during the 4th quarter worth about $5,997,000. Robeco Institutional Asset Management B.V. purchased a new position in BOX during the 4th quarter valued at about $981,000. Finally, Sei Investments Co. grew its position in BOX by 8.4% in the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock valued at $103,857,000 after acquiring an additional 255,623 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Performance

NYSE BOX traded up $0.18 during trading on Friday, reaching $30.96. 789,046 shares of the company's stock were exchanged, compared to its average volume of 1,819,608. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74. The stock has a market cap of $4.45 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. The company has a 50 day moving average price of $31.14 and a two-hundred day moving average price of $32.27.

BOX declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 4th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other BOX news, COO Olivia Nottebohm sold 2,105 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $29.52, for a total transaction of $62,139.60. Following the sale, the chief operating officer now owns 561,132 shares of the company's stock, valued at approximately $16,564,616.64. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.08, for a total transaction of $320,800.00. Following the sale, the chief executive officer now owns 2,979,780 shares of the company's stock, valued at $95,591,342.40. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,022 shares of company stock worth $2,198,045 over the last 90 days. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BOX shares. Morgan Stanley reduced their price target on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. DA Davidson cut their price objective on BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Raymond James reiterated an "outperform" rating and issued a $38.00 target price (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Finally, Royal Bank of Canada restated an "underperform" rating and set a $21.00 price target on shares of BOX in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.44.

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.