Janus Henderson Group PLC Boosts Stock Position in Box, Inc. (NYSE:BOX)

Janus Henderson Group PLC boosted its holdings in Box, Inc. (NYSE:BOX - Free Report) by 126.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 487,387 shares of the software maker's stock after purchasing an additional 271,745 shares during the period. Janus Henderson Group PLC owned about 0.34% of BOX worth $15,399,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gotham Asset Management LLC bought a new stake in shares of BOX in the fourth quarter valued at $307,000. Graham Capital Management L.P. bought a new stake in shares of BOX in the fourth quarter valued at $1,613,000. Focus Partners Wealth raised its stake in shares of BOX by 2.3% in the fourth quarter. Focus Partners Wealth now owns 124,498 shares of the software maker's stock valued at $3,934,000 after buying an additional 2,816 shares during the period. Emmett Investment Management LP bought a new stake in shares of BOX in the fourth quarter valued at $4,538,000. Finally, Ensign Peak Advisors Inc raised its stake in shares of BOX by 22.2% in the fourth quarter. Ensign Peak Advisors Inc now owns 114,955 shares of the software maker's stock valued at $3,633,000 after buying an additional 20,847 shares during the period. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insiders Place Their Bets

In other news, VP Eli Berkovitch sold 5,651 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $30.66, for a total value of $173,259.66. Following the completion of the transaction, the vice president now directly owns 124,672 shares in the company, valued at approximately $3,822,443.52. This represents a 4.34% decrease in their position. The transaction 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 the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $29.01, for a total value of $38,641.32. Following the completion of 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 have sold 66,377 shares of company stock worth $2,060,714 in the last ninety days. 4.10% of the stock is currently owned by insiders.

BOX Stock Up 0.1%

Shares of NYSE BOX opened at $32.27 on Friday. The firm has a market capitalization of $4.64 billion, a P/E ratio of 40.34, a P/E/G ratio of 4.42 and a beta of 0.94. The stock's 50-day simple moving average is $30.68 and its two-hundred day simple moving average is $32.18. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BOX shares. JPMorgan Chase & Co. decreased their price objective on BOX from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, March 19th. StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. DA Davidson decreased their price objective on BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley decreased their price objective on BOX from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, BOX currently has an average rating of "Moderate Buy" and a consensus price target 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.

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