Elo Mutual Pension Insurance Co Acquires New Position in Box, Inc. (NYSE:BOX)

Elo Mutual Pension Insurance Co purchased a new stake in shares of Box, Inc. (NYSE:BOX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,589 shares of the software maker's stock, valued at approximately $429,000.

A number of other institutional investors have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in BOX during the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC lifted its holdings in shares of BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after purchasing an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of BOX in the 4th quarter worth $132,000. Finally, Plato Investment Management Ltd purchased a new position in BOX during the 4th quarter worth $134,000. 86.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BOX has been the subject of several recent analyst reports. 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. Royal Bank of Canada reissued an "underperform" rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, March 19th. Bank of America started coverage on shares of BOX in a report on Thursday, December 12th. They issued a "buy" rating and a $40.00 price target for the company. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, DA Davidson restated a "buy" rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.11.

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Insider Buying and Selling

In related news, VP Eli Berkovitch sold 5,651 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $30.66, for a total transaction of $173,259.66. Following the sale, the vice president now directly owns 124,672 shares of the company's stock, valued at approximately $3,822,443.52. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 2,105 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total transaction of $64,749.80. Following the sale, the chief operating officer now owns 427,113 shares in the company, valued at approximately $13,137,995.88. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,705 shares of company stock valued at $2,375,998 over the last ninety days. Company insiders own 4.10% of the company's stock.

BOX Trading Down 4.1 %

Shares of NYSE BOX traded down $1.26 during trading on Friday, reaching $29.82. 2,913,543 shares of the company traded hands, compared to its average volume of 1,802,155. The stock has a market cap of $4.29 billion, a P/E ratio of 37.28, a PEG ratio of 4.42 and a beta of 1.00. The firm's fifty day simple moving average is $32.63 and its 200 day simple moving average is $32.58. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $35.74.

BOX announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management 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.