MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 154,203 Shares of Box, Inc. (NYSE:BOX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,387 shares of the software maker's stock after selling 154,203 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.32% of BOX worth $14,706,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after buying an additional 1,897 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after acquiring an additional 653 shares in the last quarter. Farther Finance Advisors LLC increased its position in BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the period. SBI Securities Co. Ltd. bought a new position in BOX in the 4th quarter worth $132,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of BOX in the 4th quarter worth about $134,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BOX. DA Davidson reduced their price target 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. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. Morgan Stanley lowered their target price on BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Raymond James reaffirmed an "outperform" rating and issued a $38.00 price target (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. Finally, StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.44.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 10,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.08, for a total transaction of $320,800.00. Following the transaction, the chief executive officer now directly owns 2,979,780 shares of the company's stock, valued at $95,591,342.40. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Eli Berkovitch sold 5,651 shares of BOX 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 sale, the vice president now owns 124,672 shares of the company's stock, valued at $3,822,443.52. The trade was a 4.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,377 shares of company stock worth $2,060,714 in the last three months. Insiders own 3.90% of the company's stock.

BOX Stock Down 0.2%

Shares of NYSE BOX traded down $0.06 during midday trading on Wednesday, hitting $31.92. The stock had a trading volume of 346,438 shares, compared to its average volume of 1,812,787. The business's 50 day moving average is $30.74 and its 200-day moving average is $32.18. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The company has a market cap of $4.59 billion, a P/E ratio of 39.86, a PEG ratio of 4.42 and a beta of 0.94.

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