143,600 Shares in Box, Inc. (NYSE:BOX) Acquired by Emmett Investment Management LP

Emmett Investment Management LP purchased a new stake in Box, Inc. (NYSE:BOX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 143,600 shares of the software maker's stock, valued at approximately $4,538,000. BOX accounts for 4.1% of Emmett Investment Management LP's portfolio, making the stock its 9th largest position. Emmett Investment Management LP owned 0.10% of BOX as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Ensign Peak Advisors Inc increased its position in BOX by 22.2% during the 4th quarter. Ensign Peak Advisors Inc now owns 114,955 shares of the software maker's stock worth $3,633,000 after buying an additional 20,847 shares during the period. D. E. Shaw & Co. Inc. increased its position in BOX by 28.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 433,390 shares of the software maker's stock worth $13,695,000 after buying an additional 96,147 shares during the period. Caption Management LLC acquired a new stake in shares of BOX during the 4th quarter worth $698,000. BOKF NA grew its holdings in shares of 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 purchasing an additional 4,798 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its holdings in shares of 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 purchasing an additional 20,874 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BOX shares. DA Davidson reduced their target price on BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Morgan Stanley reduced their target price on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Raymond James reissued an "outperform" rating and set a $38.00 target price (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.44.

BOX Trading Up 0.1%

BOX stock traded up $0.02 during midday trading on Friday, reaching $31.41. The company's stock had a trading volume of 903,472 shares, compared to its average volume of 1,818,635. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The business has a 50-day moving average price of $30.69 and a 200-day moving average price of $32.18. The stock has a market cap of $4.52 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

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 Buying and Selling at BOX

In other news, COO Olivia Nottebohm sold 6,079 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the sale, the chief operating officer now directly owns 440,988 shares in the company, valued at approximately $15,178,806.96. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 2,750 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $29.58, for a total value of $81,345.00. Following the sale, 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 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 90 days. Insiders own 4.10% of the company's stock.

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.