Box, Inc. (NYSE:BOX) Shares Sold by Divisar Capital Management LLC

Divisar Capital Management LLC lessened its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 363,461 shares of the software maker's stock after selling 235,000 shares during the quarter. BOX makes up 2.5% of Divisar Capital Management LLC's portfolio, making the stock its 16th largest holding. Divisar Capital Management LLC owned 0.25% of BOX worth $11,485,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BOX. Janney Montgomery Scott LLC grew its position in shares of BOX by 5.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker's stock worth $247,000 after purchasing an additional 391 shares in the last quarter. Farther Finance Advisors LLC raised its position in 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. Sanctuary Advisors LLC lifted its position in BOX by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock worth $1,189,000 after buying an additional 423 shares during the last quarter. Aspiriant LLC increased its position in BOX by 5.0% during the fourth quarter. Aspiriant LLC now owns 9,048 shares of the software maker's stock valued at $286,000 after acquiring an additional 427 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in BOX by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker's stock worth $548,000 after purchasing an additional 442 shares during the period. Institutional investors own 86.74% of the company's stock.

BOX Stock Up 0.7 %

Shares of NYSE BOX traded up $0.23 during trading on Friday, hitting $31.21. The company had a trading volume of 971,757 shares, compared to its average volume of 1,815,570. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74. The stock has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $32.22. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

BOX announced that its board has initiated a share repurchase plan on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Activity

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.42, for a total value of $209,239.18. Following the completion of the sale, the chief operating officer now directly owns 440,988 shares in the company, valued at $15,178,806.96. This represents a 1.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eli Berkovitch sold 2,750 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was 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 approximately $3,606,452.76. The trade was a 2.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,022 shares of company stock worth $2,198,045 over the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

BOX 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.