Vident Advisory LLC Has $3.69 Million Position in Box, Inc. (NYSE:BOX)

Vident Advisory LLC raised its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,662 shares of the software maker's stock after purchasing an additional 15,475 shares during the quarter. Vident Advisory LLC owned about 0.08% of BOX worth $3,687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of BOX by 8.2% during the 3rd quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker's stock valued at $712,000 after purchasing an additional 1,646 shares in the last quarter. Aspiriant LLC grew its position in BOX by 5.0% in the fourth quarter. Aspiriant LLC now owns 9,048 shares of the software maker's stock worth $286,000 after buying an additional 427 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of BOX by 9.6% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 704,583 shares of the software maker's stock valued at $22,265,000 after buying an additional 61,660 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of BOX by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker's stock valued at $247,000 after acquiring an additional 391 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of BOX by 4.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 54,694 shares of the software maker's stock worth $1,728,000 after acquiring an additional 2,407 shares in the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Trading Down 0.4%

Shares of BOX stock traded down $0.14 on Friday, hitting $31.12. The stock had a trading volume of 1,665,587 shares, compared to its average volume of 1,822,496. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74. The company has a fifty day moving average price of $30.75 and a two-hundred day moving average price of $32.16. The firm has a market cap of $4.47 billion, a P/E ratio of 38.90, a PEG ratio of 4.42 and a beta of 0.94.

BOX announced that its Board of Directors has initiated a stock 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 often a sign that the company's management believes its shares are undervalued.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 2,105 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total value of $64,749.80. Following the sale, the chief operating officer now directly owns 427,113 shares of the company's stock, valued at approximately $13,137,995.88. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $31.52, for a total value of $409,760.00. Following the transaction, the chief financial officer now owns 1,520,550 shares of the company's stock, valued at approximately $47,927,736. This trade represents a 0.85% 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 90 days. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen raised BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. DA Davidson cut their price objective 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 price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Raymond James reissued an "outperform" rating and issued a $38.00 target price (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, Morgan Stanley cut their price target on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.44.

BOX 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.