Landscape Capital Management L.L.C. Buys New Stake in Box, Inc. (NYSE:BOX)

Landscape Capital Management L.L.C. acquired a new stake in Box, Inc. (NYSE:BOX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,670 shares of the software maker's stock, valued at approximately $874,000.

Several other hedge funds have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its holdings in BOX by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after purchasing an additional 1,725,197 shares during the period. Norges Bank bought a new stake in BOX in the fourth quarter worth $29,973,000. Jupiter Asset Management Ltd. purchased a new stake in BOX during the fourth quarter valued at $24,234,000. Fisher Asset Management LLC raised its stake in BOX by 420.6% during the fourth quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock valued at $27,097,000 after purchasing an additional 692,784 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in BOX during the fourth quarter valued at $8,405,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Transactions at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $95,591,342.40. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the sale, the chief financial officer now directly owns 1,453,684 shares in the company, valued at $49,890,434.88. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,246 shares of company stock worth $1,862,181 over the last 90 days. 4.10% of the stock is currently owned by company insiders.

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BOX Price Performance

BOX traded up $0.19 during trading on Friday, reaching $30.21. 1,380,204 shares of the company's stock were exchanged, compared to its average volume of 1,823,000. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74. The company's fifty day simple moving average is $32.10 and its 200-day simple moving average is $32.41. The stock has a market capitalization of $4.34 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

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

Analysts Set New Price Targets

A number of brokerages recently commented on BOX. DA Davidson reaffirmed a "buy" rating and issued a $45.00 price target on shares of BOX in a report on Wednesday, March 19th. Raymond James restated an "outperform" rating and set a $38.00 price target (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Bank of America initiated coverage on shares of BOX in a research report on Thursday, December 12th. They set a "buy" rating and a $40.00 price objective on the stock. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently 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.