Box, Inc. (NYSE:BOX) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP lifted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 153.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,375 shares of the software maker's stock after buying an additional 95,302 shares during the quarter. Marshall Wace LLP owned 0.11% of BOX worth $4,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BOX. Arrowstreet Capital Limited Partnership increased its position in shares of BOX by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after buying an additional 1,725,197 shares in the last quarter. Sei Investments Co. grew its stake in BOX by 8.4% in the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock worth $103,857,000 after acquiring an additional 255,623 shares during the period. Renaissance Technologies LLC lifted its stake in shares of BOX by 11.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,205,926 shares of the software maker's stock worth $69,707,000 after purchasing an additional 233,100 shares during the period. Congress Asset Management Co. grew its position in shares of 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 purchasing an additional 246,993 shares during the period. Finally, Wells Fargo & Company MN lifted its position in BOX by 22.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock worth $51,623,000 after buying an additional 304,755 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BOX shares. Raymond James reissued an "outperform" rating and issued a $38.00 target price (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Morgan Stanley cut their price objective on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. DA Davidson cut their target price on shares of BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. StockNews.com lowered BOX from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada restated an "underperform" rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $36.44.

Insider Activity

In other news, COO Olivia Nottebohm sold 2,105 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $29.52, for a total transaction of $62,139.60. Following the completion of the transaction, the chief operating officer now directly owns 561,132 shares in the company, valued at approximately $16,564,616.64. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the sale, the chief financial officer now owns 1,453,684 shares in the company, valued at approximately $49,890,434.88. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,022 shares of company stock valued at $2,198,045. Company insiders own 4.10% of the company's stock.

BOX Stock Down 0.8 %

NYSE:BOX traded down $0.24 during trading hours on Wednesday, reaching $31.22. 1,455,002 shares of the stock were exchanged, compared to its average volume of 1,816,581. 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 $4.49 billion, a P/E ratio of 39.03, a P/E/G ratio of 4.42 and a beta of 0.96. The firm has a 50 day simple moving average of $30.94 and a 200-day simple moving average of $32.24.

BOX announced that its board has approved a share repurchase program on Tuesday, March 4th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

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.