UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 75,098 Shares of Box, Inc. (NYSE:BOX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,096 shares of the software maker's stock after purchasing an additional 75,098 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of BOX worth $14,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOX. Smartleaf Asset Management LLC raised its stake in shares of BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after acquiring an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after purchasing an additional 653 shares during the last quarter. Farther Finance Advisors LLC raised its position in BOX by 19.3% in the 4th 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. bought a new position in BOX in the 4th quarter worth approximately $132,000. Finally, Plato Investment Management Ltd bought a new position in BOX in the 4th quarter worth approximately $134,000. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

NYSE:BOX traded up $0.46 on Monday, hitting $38.28. 1,948,595 shares of the company's stock were exchanged, compared to its average volume of 1,910,282. The firm has a 50-day moving average price of $31.19 and a 200-day moving average price of $32.16. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $38.33. The company has a market cap of $5.50 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. During the same period in the previous year, the business earned $0.39 EPS. BOX's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts expect that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. DA Davidson set a $45.00 price objective on shares of BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and lifted their target price for the stock from $37.00 to $40.00 in a report on Wednesday, May 28th. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a report on Wednesday, May 28th. Wall Street Zen raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, Raymond James reissued an "outperform" rating and issued a $42.00 price target (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.50.

Insider Transactions at BOX

In related news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the completion of the transaction, the chief executive officer now owns 2,979,780 shares of the company's stock, valued at $95,591,342.40. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $31.95, for a total transaction of $415,350.00. Following the completion of the transaction, the chief financial officer now directly owns 1,440,684 shares of the company's stock, valued at approximately $46,029,853.80. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,377 shares of company stock valued at $2,060,714. Company insiders own 3.90% 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.