Aviva PLC Sells 8,955 Shares of Box, Inc. (NYSE:BOX)

Aviva PLC decreased its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,761 shares of the software maker's stock after selling 8,955 shares during the period. Aviva PLC's holdings in BOX were worth $372,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BOX. Smartleaf Asset Management LLC increased 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 valued at $69,000 after acquiring an additional 1,897 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the period. SBI Securities Co. Ltd. bought a new position in BOX in the fourth quarter worth approximately $132,000. Plato Investment Management Ltd bought a new stake in shares of BOX during the fourth quarter valued at approximately $134,000. Finally, KBC Group NV raised its position in shares of BOX by 35.7% during the fourth quarter. KBC Group NV now owns 5,403 shares of the software maker's stock worth $171,000 after purchasing an additional 1,420 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $29.72, for a total value of $386,360.00. Following the completion of the sale, the chief financial officer now owns 1,463,951 shares of the company's stock, valued at $43,508,623.72. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Olivia Nottebohm sold 6,079 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total value of $193,980.89. Following the transaction, the chief operating officer now directly owns 447,067 shares in the company, valued at $14,265,907.97. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,996 shares of company stock valued at $2,329,886 in the last quarter. Insiders own 4.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. DA Davidson dropped their price target on shares of BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday. Raymond James restated an "outperform" rating and issued a $38.00 target price (down previously from $40.00) on shares of BOX in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada restated an "underperform" rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, March 19th. One investment 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.44.

BOX Price Performance

NYSE BOX traded down $0.01 during trading on Thursday, reaching $29.77. The company's stock had a trading volume of 237,604 shares, compared to its average volume of 1,812,102. The stock has a market capitalization of $4.28 billion, a PE ratio of 37.25, a P/E/G ratio of 4.42 and a beta of 0.96. The firm has a fifty day moving average of $31.84 and a 200 day moving average of $32.36. Box, Inc. has a one year low of $24.63 and a one year high of $35.74.

BOX announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership 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.