Box, Inc. (NYSE:BOX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,108,623 shares of the software maker's stock after selling 231,100 shares during the quarter. Vanguard Group Inc. owned approximately 12.60% of BOX worth $572,232,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in 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 acquiring an additional 69,107 shares in the last quarter. Sei Investments Co. grew its stake 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 purchasing an additional 255,623 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in BOX by 1.9% in the third 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 in the last quarter. Finally, Congress Asset Management Co. raised its stake in BOX by 17.5% in the fourth quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker's stock valued at $52,445,000 after buying an additional 246,993 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at BOX

In related 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 completion of the transaction, the chief operating officer now directly owns 427,113 shares of the company's stock, valued at $13,137,995.88. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Eli Berkovitch sold 5,651 shares of BOX stock in a transaction that occurred 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 sale, the vice president now directly owns 124,672 shares in the company, valued at $3,822,443.52. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,705 shares of company stock worth $2,375,998. 4.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

BOX has been the topic of a number of recent analyst reports. DA Davidson reiterated a "buy" rating and issued a $45.00 price objective on shares of BOX in a report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price target on shares of BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. StockNews.com downgraded shares of BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Raymond James restated an "outperform" rating and issued a $38.00 target price (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. One 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.11.

BOX Price Performance

Shares of NYSE:BOX traded down $1.26 on Friday, reaching $29.82. The company's stock had a trading volume of 2,913,543 shares, 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 stock has a market capitalization of $4.29 billion, a P/E ratio of 37.28, a PEG ratio of 4.42 and a beta of 1.00. The stock's 50-day moving average is $32.63 and its two-hundred day moving average is $32.57.

BOX announced that its board has authorized a share buyback plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are 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.