Ensign Peak Advisors Inc Purchases 20,847 Shares of Box, Inc. (NYSE:BOX)

Ensign Peak Advisors Inc lifted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 114,955 shares of the software maker's stock after acquiring an additional 20,847 shares during the quarter. Ensign Peak Advisors Inc owned 0.08% of BOX worth $3,633,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after purchasing an additional 1,897 shares during the period. TD Waterhouse Canada Inc. grew its stake 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 buying an additional 653 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 buying an additional 417 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of BOX in the 4th quarter valued at about $132,000. Finally, Plato Investment Management Ltd bought a new stake in shares of BOX in the 4th quarter valued at about $134,000. 86.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BOX news, VP Eli Berkovitch sold 2,750 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were 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 represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Olivia Nottebohm sold 1,332 shares of BOX stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32. Following the transaction, the chief operating officer now owns 492,545 shares of the company's stock, valued at $14,288,730.45. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,377 shares of company stock worth $2,060,714 over the last three months. Company insiders own 4.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BOX. JPMorgan Chase & Co. lowered their price objective on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price target on shares of BOX in a report on Wednesday, March 19th. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. DA Davidson decreased their price objective on shares of BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley lowered their price objective on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, BOX has a consensus rating of "Moderate Buy" and a consensus target price of $36.44.

BOX Stock Up 0.9%

Shares of BOX traded up $0.28 during trading hours on Tuesday, reaching $32.26. 405,557 shares of the company traded hands, compared to its average volume of 1,811,939. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The company's fifty day moving average price is $30.70 and its two-hundred day moving average price is $32.18. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

BOX declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 4th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management 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.