Price T Rowe Associates Inc. MD Acquires 14,682 Shares of Box, Inc. (NYSE:BOX)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,001,896 shares of the software maker's stock after purchasing an additional 14,682 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.70% of BOX worth $31,661,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOX. Smartleaf Asset Management LLC boosted its position in shares of BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after acquiring an additional 1,897 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after purchasing an additional 653 shares during the period. Farther Finance Advisors LLC grew its position in BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock worth $81,000 after purchasing an additional 417 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of BOX during the 4th quarter worth about $132,000. Finally, Plato Investment Management Ltd acquired a new position in shares of BOX during the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Activity at BOX

In other BOX news, VP Eli Berkovitch sold 2,750 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $29.58, for a total transaction of $81,345.00. Following the sale, the vice president now owns 121,922 shares of the company's stock, valued at $3,606,452.76. This represents a 2.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 6,079 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the completion of the transaction, the chief operating officer now directly owns 440,988 shares of the company's stock, valued at approximately $15,178,806.96. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,022 shares of company stock valued at $2,198,045 in the last three months. Corporate insiders own 4.10% of the company's stock.

BOX Stock Performance

Shares of NYSE BOX traded up $0.23 during mid-day trading on Friday, hitting $31.21. 971,757 shares of the stock were exchanged, compared to its average volume of 1,815,570. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74. The stock's fifty day simple moving average is $30.86 and its two-hundred day simple moving average is $32.22. The company has a market cap of $4.49 billion, a P/E ratio of 39.01, a PEG ratio of 4.42 and a beta of 0.96.

BOX declared that its board has authorized a stock repurchase program on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BOX shares. Morgan Stanley lowered their price target on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. DA Davidson lowered their price objective on BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.44.

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.