Trexquant Investment LP lessened its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 40.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,313 shares of the software maker's stock after selling 69,296 shares during the quarter. Trexquant Investment LP owned 0.07% of BOX worth $3,201,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after acquiring an additional 1,897 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in BOX during the 4th quarter worth approximately $132,000. Plato Investment Management Ltd bought a new stake in BOX during the 4th quarter worth approximately $134,000. Finally, KBC Group NV raised its stake in shares of BOX by 35.7% in the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker's stock worth $171,000 after purchasing an additional 1,420 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.
BOX Stock Performance
BOX stock traded up $0.19 during mid-day trading on Friday, hitting $30.21. The company had a trading volume of 1,380,204 shares, compared to its average volume of 1,823,000. The firm has a market cap of $4.34 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock's fifty day moving average price is $32.10 and its two-hundred day moving average price is $32.41.
BOX announced that its board has approved a stock buyback plan on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
BOX has been the topic of several analyst reports. Raymond James reaffirmed an "outperform" rating and set a $38.00 target price (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Bank of America assumed coverage on shares of BOX in a report on Thursday, December 12th. They set a "buy" rating and a $40.00 price objective on the stock. Royal Bank of Canada reiterated an "underperform" rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, March 19th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company 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 stock. According to data from MarketBeat.com, BOX has an average rating of "Moderate Buy" and an average price target of $37.11.
Read Our Latest Stock Analysis on BOX
Insider Transactions at BOX
In other news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.32, for a total transaction of $446,160.00. Following the transaction, the chief financial officer now owns 1,453,684 shares of the company's stock, valued at $49,890,434.88. This represents a 0.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on 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 owns 2,979,780 shares of the company's stock, valued at $95,591,342.40. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,246 shares of company stock worth $1,862,181 in the last quarter. Insiders own 4.10% of the company's stock.
BOX Profile
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Free Report)
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.
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