21,536 Shares in Box, Inc. (NYSE:BOX) Bought by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC purchased a new position in Box, Inc. (NYSE:BOX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,536 shares of the software maker's stock, valued at approximately $681,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOX. Itau Unibanco Holding S.A. purchased a new position in BOX in the third quarter worth about $36,000. Smartleaf Asset Management LLC boosted its stake in 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 boosted its stake in 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. purchased a new position in shares of BOX in the fourth quarter worth $132,000. Finally, Plato Investment Management Ltd bought a new position in shares of BOX during the fourth quarter valued at $134,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $31.91, for a total transaction of $193,980.89. Following the completion of the sale, the chief operating officer now directly owns 447,067 shares in the company, valued at approximately $14,265,907.97. This trade represents a 1.34 % 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, VP Eli Berkovitch sold 4,791 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the sale, the vice president now owns 132,741 shares of the company's stock, valued at $4,122,935.46. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,705 shares of company stock worth $2,375,998 over the last quarter. Insiders own 4.10% of the company's stock.

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BOX Price Performance

Shares of NYSE:BOX traded down $0.45 during trading on Monday, hitting $29.36. The company had a trading volume of 1,058,989 shares, compared to its average volume of 1,800,918. The company has a fifty day simple moving average of $32.63 and a two-hundred day simple moving average of $32.57. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

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

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.