Aristotle Capital Boston LLC Sells 130,514 Shares of Box, Inc. (NYSE:BOX)

Aristotle Capital Boston LLC trimmed its position in Box, Inc. (NYSE:BOX - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,195,813 shares of the software maker's stock after selling 130,514 shares during the quarter. BOX makes up 1.4% of Aristotle Capital Boston LLC's portfolio, making the stock its 22nd biggest position. Aristotle Capital Boston LLC owned 0.83% of BOX worth $37,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of BOX by 8.2% during the third quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker's stock worth $712,000 after buying an additional 1,646 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in BOX by 9.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,070 shares of the software maker's stock worth $192,000 after acquiring an additional 530 shares during the period. Nordea Investment Management AB raised its position in shares of BOX by 4.2% during the 4th quarter. Nordea Investment Management AB now owns 356,309 shares of the software maker's stock valued at $11,295,000 after acquiring an additional 14,208 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of BOX by 60.7% in the 4th quarter. CWA Asset Management Group LLC now owns 23,875 shares of the software maker's stock valued at $754,000 after purchasing an additional 9,016 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of BOX by 8.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 27,538 shares of the software maker's stock worth $870,000 after purchasing an additional 2,205 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $29.72, for a total transaction of $386,360.00. Following the transaction, the chief financial officer now directly owns 1,463,951 shares in the company, valued at approximately $43,508,623.72. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Olivia Nottebohm sold 1,332 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32. Following the completion of the sale, the chief operating officer now owns 492,545 shares of the company's stock, valued at approximately $14,288,730.45. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,022 shares of company stock valued at $2,198,045 over the last 90 days. 4.10% of the stock is owned by corporate insiders.

BOX Price Performance

NYSE:BOX traded down $0.31 during trading hours on Tuesday, reaching $30.86. 1,062,657 shares of the stock were exchanged, compared to its average volume of 1,816,370. The stock has a market cap of $4.44 billion, a PE ratio of 38.58, a PEG ratio of 4.42 and a beta of 0.94. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74. The firm has a 50 day moving average of $30.83 and a 200 day moving average of $32.21.

BOX announced that its Board of Directors has initiated 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 stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada restated an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. Morgan Stanley lowered their target price on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. StockNews.com cut 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 price objective (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, DA Davidson decreased their target price on BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.44.

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.