Massachusetts Financial Services Co. MA Purchases 12,239 Shares of Box, Inc. (NYSE:BOX)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,468 shares of the software maker's stock after purchasing an additional 12,239 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.07% of BOX worth $3,206,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BOX. Centiva Capital LP purchased a new position in shares of BOX in the third quarter worth $304,000. Janus Henderson Group PLC increased its holdings in BOX by 20.8% in the 3rd quarter. Janus Henderson Group PLC now owns 215,642 shares of the software maker's stock valued at $7,056,000 after acquiring an additional 37,178 shares during the last quarter. Stifel Financial Corp increased its holdings in BOX by 34.6% in the 3rd quarter. Stifel Financial Corp now owns 41,026 shares of the software maker's stock valued at $1,343,000 after acquiring an additional 10,542 shares during the last quarter. State Street Corp lifted its stake in BOX by 1.2% in the 3rd quarter. State Street Corp now owns 5,623,032 shares of the software maker's stock worth $184,042,000 after purchasing an additional 69,107 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of BOX by 1.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 86,012 shares of the software maker's stock valued at $2,781,000 after purchasing an additional 1,607 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

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BOX Stock Up 0.6 %

NYSE:BOX traded up $0.19 during mid-day trading on Friday, hitting $30.21. 1,380,204 shares of the stock traded hands, compared to its average volume of 1,823,000. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 4.42 and a beta of 0.96. The firm's 50 day moving average is $32.10 and its two-hundred day moving average is $32.41.

BOX announced that its board has authorized a stock buyback plan on Tuesday, March 4th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to buy 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.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research analyst reports. 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 cut BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. 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. reduced their price target on shares of BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Finally, Raymond James reiterated an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.11.

Insider Buying and Selling at BOX

In related news, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is accessible 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 sale, the chief operating officer now directly owns 492,545 shares of the company's stock, valued at approximately $14,288,730.45. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,246 shares of company stock worth $1,862,181 over the last 90 days. Company insiders own 4.10% of the company's stock.

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.