Box, Inc. (NYSE:BOX) Shares Bought by Summit Creek Advisors LLC

Summit Creek Advisors LLC grew its holdings in Box, Inc. (NYSE:BOX - Free Report) by 35.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 226,964 shares of the software maker's stock after acquiring an additional 59,113 shares during the period. Summit Creek Advisors LLC owned 0.16% of BOX worth $7,172,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new stake in shares of BOX in the 3rd quarter worth $36,000. Smartleaf Asset Management LLC increased its position in BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after buying an additional 1,897 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock worth $81,000 after buying an additional 417 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of BOX during the 4th quarter valued at about $132,000. Finally, Plato Investment Management Ltd bought a new position in shares of BOX during the 4th quarter valued at approximately $134,000. 86.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BOX. JPMorgan Chase & Co. cut their price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Bank of America started coverage on shares of BOX in a report on Thursday, December 12th. They issued a "buy" rating and a $40.00 price target on the stock. StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley lifted their target price on BOX from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price target 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 given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, BOX presently has an average rating of "Moderate Buy" and a consensus target price of $37.11.

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Insiders Place Their Bets

In other BOX news, COO Olivia Nottebohm sold 2,105 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total transaction of $64,749.80. Following the transaction, the chief operating officer now directly owns 427,113 shares in the company, valued at $13,137,995.88. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 4,791 shares of the stock in a transaction 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 sale, the vice president now directly owns 132,741 shares in the company, valued at $4,122,935.46. This trade represents 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 in the last ninety days. 4.10% of the stock is owned by company insiders.

BOX Price Performance

Shares of BOX stock traded down $0.52 during trading on Friday, hitting $31.12. The stock had a trading volume of 1,401,281 shares, compared to its average volume of 1,798,625. The stock has a market cap of $4.47 billion, a PE ratio of 38.90, a PEG ratio of 4.42 and a beta of 1.00. The firm's fifty day simple moving average is $32.69 and its 200-day simple moving average is $32.65. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74.

BOX declared that its Board of Directors has approved a share buyback program 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company's board 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.