Capital Fund Management S.A. Raises Position in Box, Inc. (NYSE:BOX)

Capital Fund Management S.A. increased its stake in Box, Inc. (NYSE:BOX - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,504 shares of the software maker's stock after buying an additional 81,635 shares during the period. Capital Fund Management S.A. owned 0.17% of BOX worth $7,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after acquiring an additional 1,725,197 shares during the period. Norges Bank purchased a new position in shares of BOX during the fourth quarter valued at approximately $29,973,000. Jupiter Asset Management Ltd. bought a new stake in shares of BOX in the 4th quarter worth approximately $24,234,000. Fisher Asset Management LLC boosted its position in shares of BOX by 420.6% in the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock worth $27,097,000 after purchasing an additional 692,784 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of BOX by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock worth $51,623,000 after buying an additional 304,755 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the sale, the chief executive officer now owns 2,979,780 shares in the company, valued at $95,591,342.40. The trade was a 0.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $29.72, for a total value of $386,360.00. Following the transaction, the chief financial officer now owns 1,463,951 shares of the company's stock, valued at approximately $43,508,623.72. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,996 shares of company stock worth $2,329,886. 4.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BOX. DA Davidson decreased their target price on shares of BOX from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday, March 19th. Morgan Stanley reduced 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. Raymond James reaffirmed an "outperform" rating and set a $38.00 price objective (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $36.44.

BOX Trading Down 0.4 %

Shares of BOX traded down $0.13 during trading hours on Friday, reaching $29.65. 928,340 shares of the stock traded hands, compared to its average volume of 1,816,226. The company's 50-day moving average price is $31.74 and its two-hundred day moving average price is $32.34. The company has a market cap of $4.26 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74.

BOX declared that its board has authorized a share repurchase plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is 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.