Integrated Quantitative Investments LLC Invests $1.42 Million in Box, Inc. (NYSE:BOX)

Integrated Quantitative Investments LLC purchased a new stake in Box, Inc. (NYSE:BOX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 44,874 shares of the software maker's stock, valued at approximately $1,418,000. BOX accounts for approximately 0.7% of Integrated Quantitative Investments LLC's holdings, making the stock its 16th largest holding.

Several other institutional investors have also made changes to their positions in the stock. Centiva Capital LP bought a new stake in shares of BOX during the 3rd quarter valued at $304,000. Janus Henderson Group PLC lifted its position in BOX by 20.8% during the third quarter. Janus Henderson Group PLC now owns 215,642 shares of the software maker's stock worth $7,056,000 after purchasing an additional 37,178 shares during the period. Parallax Volatility Advisers L.P. grew its stake in BOX by 598.4% during the third quarter. Parallax Volatility Advisers L.P. now owns 95,906 shares of the software maker's stock worth $3,139,000 after buying an additional 82,174 shares in the last quarter. Petrus Trust Company LTA bought a new position in BOX in the 3rd quarter valued at about $615,000. Finally, Stifel Financial Corp boosted its position in shares of BOX by 34.6% during the 3rd quarter. Stifel Financial Corp now owns 41,026 shares of the software maker's stock worth $1,343,000 after acquiring an additional 10,542 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America began coverage on BOX in a research report on Thursday, December 12th. They set a "buy" rating and a $40.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of 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 restated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, March 19th. DA Davidson reaffirmed a "buy" rating and issued a $45.00 price objective on shares of BOX in a research note on Wednesday, March 19th. Finally, Raymond James restated an "outperform" rating and issued a $38.00 target price (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.11.

Insider Activity

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now directly owns 440,988 shares in the company, valued at approximately $15,178,806.96. This trade represents a 1.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the sale, the chief financial officer now owns 1,466,684 shares of the company's stock, valued at approximately $45,540,538.20. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,705 shares of company stock worth $2,375,998 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

BOX Trading Up 0.9 %

NYSE BOX traded up $0.26 during trading hours on Wednesday, hitting $28.68. The company's stock had a trading volume of 582,792 shares, compared to its average volume of 1,681,613. The company's 50-day simple moving average is $32.37 and its two-hundred day simple moving average is $32.48. The company has a market capitalization of $4.12 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74.

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

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.