Schroder Investment Management Group Decreases Stake in Box, Inc. (NYSE:BOX)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its position in shares of BOX by 1.2% during 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 during the period. Arrowstreet Capital Limited Partnership lifted its stake in BOX by 103.9% during the fourth 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 in the last quarter. Sei Investments Co. boosted its position in shares of BOX by 8.4% during the fourth quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock worth $103,857,000 after buying an additional 255,623 shares during the period. Geode Capital Management LLC grew its stake in shares of BOX by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker's stock valued at $106,387,000 after buying an additional 13,028 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of BOX by 1.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker's stock valued at $79,376,000 after buying an additional 44,190 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

BOX has been the subject of several research reports. Morgan Stanley lifted their target price on BOX from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 4th. Bank of America started coverage on shares of BOX in a research note on Thursday, December 12th. They set a "buy" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $38.00 price target (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.11.

Insider Activity

In other BOX news, VP Eli Berkovitch sold 5,651 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $30.66, for a total value of $173,259.66. Following the completion of the transaction, the vice president now owns 124,672 shares in the company, valued at $3,822,443.52. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.08, for a total value of $320,800.00. Following the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 73,705 shares of company stock worth $2,375,998. Corporate insiders own 4.10% of the company's stock.

BOX Stock Down 1.2 %

BOX traded down $0.39 on Thursday, reaching $31.09. The company's stock had a trading volume of 1,937,650 shares, compared to its average volume of 1,793,784. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74. The stock has a 50 day moving average of $32.67 and a two-hundred day moving average of $32.61. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 4.42 and a beta of 1.00.

BOX announced that its board has authorized a stock buyback plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.