Box, Inc. (NYSE:BOX) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its position in Box, Inc. (NYSE:BOX - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,471,155 shares of the software maker's stock after selling 120,552 shares during the quarter. Schroder Investment Management Group owned 1.02% of BOX worth $46,827,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock worth $44,900,000 after purchasing an additional 134,175 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of BOX in the fourth quarter worth approximately $5,997,000. Townsquare Capital LLC bought a new stake in shares of BOX during the 3rd quarter worth approximately $2,021,000. Robeco Institutional Asset Management B.V. purchased a new position in BOX during the 4th quarter valued at $981,000. Finally, Petrus Trust Company LTA bought a new position in BOX in the 3rd quarter valued at $615,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BOX has been the subject of a number of recent analyst reports. Raymond James reissued an "outperform" rating and set a $38.00 target price (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. 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. Bank of America began coverage on shares of BOX in a research report on Thursday, December 12th. They set a "buy" rating and a $40.00 target price on the stock. Finally, Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, March 19th. One research 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. Based on data from MarketBeat.com, BOX has an average rating of "Moderate Buy" and an average price target of $37.11.

Insider Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 6,079 shares of the 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 owns 447,067 shares in the company, valued at approximately $14,265,907.97. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.05, for a total value of $403,650.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,705 shares of company stock valued at $2,375,998. 4.10% of the stock is currently owned by insiders.

BOX Price Performance

NYSE BOX traded down $1.26 during midday trading on Friday, hitting $29.82. 2,913,543 shares of the company traded hands, compared to its average volume of 1,803,728. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The company's 50-day simple moving average is $32.63 and its 200-day simple moving average is $32.57. The company has a market cap of $4.29 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

BOX declared that its board has initiated a share buyback program on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

About BOX

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.