Oberweis Asset Management Inc. Buys 36,500 Shares of Box, Inc. (NYSE:BOX)

Oberweis Asset Management Inc. boosted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 558,500 shares of the software maker's stock after acquiring an additional 36,500 shares during the quarter. Oberweis Asset Management Inc. owned about 0.39% of BOX worth $17,649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after purchasing an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after buying an additional 653 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after buying an additional 417 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of BOX in the fourth quarter valued at $132,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of BOX during the 4th quarter valued at $134,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Stock Performance

NYSE:BOX traded up $0.69 on Tuesday, reaching $31.52. The company's stock had a trading volume of 440,166 shares, compared to its average volume of 1,662,192. The firm has a market cap of $4.53 billion, a PE ratio of 39.35, a PEG ratio of 4.42 and a beta of 0.96. The business's 50-day moving average price is $31.05 and its two-hundred day moving average price is $32.25. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74.

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

Insider Activity at BOX

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

Analysts Set New Price Targets

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