Caisse DE Depot ET Placement DU Quebec Raises Holdings in Box, Inc. (NYSE:BOX)

Caisse DE Depot ET Placement DU Quebec lifted its stake in Box, Inc. (NYSE:BOX - Free Report) by 219.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420,907 shares of the software maker's stock after acquiring an additional 289,112 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.29% of BOX worth $13,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after buying an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of BOX by 42.4% during the fourth 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 in the last quarter. Farther Finance Advisors LLC increased its position in BOX by 19.3% in the fourth 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. purchased a new stake in BOX during the fourth quarter valued at approximately $132,000. Finally, Plato Investment Management Ltd bought a new stake in BOX in the fourth quarter worth about $134,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Performance

NYSE:BOX traded up $0.14 on Wednesday, reaching $30.95. The company's stock had a trading volume of 1,022,056 shares, compared to its average volume of 1,813,206. The firm has a market cap of $4.45 billion, a PE ratio of 38.69, a PEG ratio of 4.42 and a beta of 0.94. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74. The business's 50-day moving average price is $30.80 and its two-hundred day moving average price is $32.20.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BOX shares. DA Davidson dropped their target price on BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada restated 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. cut their price objective on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. StockNews.com cut BOX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Raymond James reaffirmed an "outperform" rating and set a $38.00 price target (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, BOX presently has an average rating of "Moderate Buy" and an average target price of $36.44.

Insider Buying and Selling

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

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.