Box, Inc. (NYSE:BOX) Shares Purchased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 59.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,891 shares of the software maker's stock after acquiring an additional 38,710 shares during the period. EFG Asset Management North America Corp. owned 0.07% of BOX worth $3,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp increased its stake in BOX by 1.2% in the third quarter. State Street Corp now owns 5,623,032 shares of the software maker's stock valued at $184,042,000 after purchasing an additional 69,107 shares during the last quarter. Sei Investments Co. grew its position in shares of 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 buying an additional 255,623 shares during the last quarter. Geode Capital Management LLC raised its stake in BOX by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock worth $106,387,000 after acquiring an additional 13,028 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in BOX by 1.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker's stock worth $79,376,000 after acquiring an additional 44,190 shares in the last quarter. Finally, Congress Asset Management Co. lifted its position 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 valued at $52,445,000 after acquiring an additional 246,993 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

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Insiders Place Their Bets

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the sale, the chief financial officer now owns 1,466,684 shares in the company, valued at approximately $45,540,538.20. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 4,791 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.06, for a total transaction of $148,808.46. Following the completion of the transaction, the vice president now owns 132,741 shares in the company, valued at approximately $4,122,935.46. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,705 shares of company stock worth $2,375,998. 4.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on BOX. DA Davidson reiterated a "buy" rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, March 19th. 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 research report on Wednesday, March 5th. Raymond James reissued an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. Finally, StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.11.

BOX Price Performance

Shares of BOX stock traded down $0.52 during trading hours on Friday, reaching $31.12. 1,401,281 shares of the company's stock were exchanged, compared to its average volume of 1,798,625. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74. The company has a market cap of $4.47 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The company's 50 day moving average is $32.69 and its two-hundred day moving average is $32.65.

BOX declared that its Board of Directors has initiated a stock repurchase plan 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 plans are typically a sign that the company's board believes its stock is undervalued.

BOX Company 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.