D. E. Shaw & Co. Inc. Boosts Stock Position in Box, Inc. (NYSE:BOX)

D. E. Shaw & Co. Inc. raised its holdings in Box, Inc. (NYSE:BOX - Free Report) by 28.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,390 shares of the software maker's stock after purchasing an additional 96,147 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.30% of BOX worth $13,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BOX. Caption Management LLC purchased a new stake in BOX during the 4th quarter worth about $698,000. BOKF NA grew its position in BOX by 23.3% during the 4th quarter. BOKF NA now owns 25,401 shares of the software maker's stock worth $783,000 after acquiring an additional 4,798 shares during the last quarter. Brevan Howard Capital Management LP grew its position in BOX by 220.6% during the 4th quarter. Brevan Howard Capital Management LP now owns 30,337 shares of the software maker's stock worth $959,000 after acquiring an additional 20,874 shares during the last quarter. Caxton Associates LP bought a new stake in shares of BOX in the 4th quarter worth approximately $416,000. Finally, AXA S.A. grew its position in shares of BOX by 1,332.2% in the 4th quarter. AXA S.A. now owns 144,167 shares of the software maker's stock worth $4,556,000 after buying an additional 134,101 shares during the last quarter. Institutional investors own 86.74% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. DA Davidson lowered their target price on BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their price target on BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Raymond James reaffirmed an "outperform" rating and issued a $38.00 price objective (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $21.00 price target on shares of BOX in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, BOX presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.44.

BOX Trading Up 0.1%

Shares of NYSE BOX traded up $0.02 during midday trading on Friday, hitting $32.27. The company's stock had a trading volume of 1,429,763 shares, compared to its average volume of 1,818,905. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $35.74. The firm has a market cap of $4.64 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. The business's 50 day moving average is $30.68 and its two-hundred day moving average is $32.18.

BOX declared that its board has approved a share repurchase plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.08, for a total transaction of $320,800.00. Following the completion of the sale, the chief executive officer now owns 2,979,780 shares in the company, valued at approximately $95,591,342.40. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $31.95, for a total value of $415,350.00. Following the sale, the chief financial officer now directly owns 1,440,684 shares of the company's stock, valued at approximately $46,029,853.80. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,377 shares of company stock valued at $2,060,714 over the last quarter. 4.10% of the stock is owned by corporate 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.