CenterBook Partners LP Buys 88,106 Shares of Box, Inc. (NYSE:BOX)

CenterBook Partners LP grew its stake in Box, Inc. (NYSE:BOX - Free Report) by 114.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,332 shares of the software maker's stock after purchasing an additional 88,106 shares during the quarter. CenterBook Partners LP owned approximately 0.12% of BOX worth $5,224,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BOX. Smartleaf Asset Management LLC increased its position in BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after acquiring an additional 1,897 shares during the period. Farther Finance Advisors LLC raised its position in shares of BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after buying an additional 417 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of BOX in the fourth quarter valued at approximately $132,000. Plato Investment Management Ltd acquired a new stake in BOX during the fourth quarter worth approximately $134,000. Finally, KBC Group NV increased its position in shares of BOX by 35.7% in the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker's stock worth $171,000 after purchasing an additional 1,420 shares during the period. 86.74% of the stock is owned by institutional investors.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 2,979,780 shares of the company's stock, valued at $95,591,342.40. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Olivia Nottebohm sold 1,332 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32. Following the completion of the transaction, the chief operating officer now owns 492,545 shares in the company, valued at approximately $14,288,730.45. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,246 shares of company stock valued at $1,862,181 over the last 90 days. Insiders own 4.10% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BOX shares. JPMorgan Chase & Co. lowered their price target on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Raymond James reissued an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, March 19th. StockNews.com downgraded BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, DA Davidson reissued a "buy" rating and set a $45.00 target price on shares of BOX in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.11.

BOX Stock Down 1.1 %

BOX stock traded down $0.32 during mid-day trading on Monday, reaching $29.89. 712,886 shares of the company traded hands, compared to its average volume of 1,816,132. The firm's 50 day moving average price is $32.10 and its 200 day moving average price is $32.41. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 4.42 and a beta of 0.96. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74.

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