OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Holdings in Box, Inc. (NYSE:BOX)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Box, Inc. (NYSE:BOX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 32,500 shares of the software maker's stock, valued at approximately $1,027,000.

Other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its position in BOX by 8.2% during the third quarter. Franklin Resources Inc. now owns 21,823 shares of the software maker's stock worth $712,000 after purchasing an additional 1,646 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of BOX by 8.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 27,538 shares of the software maker's stock valued at $870,000 after acquiring an additional 2,205 shares during the period. Myecfo LLC grew its position in BOX by 5.0% in the 4th quarter. Myecfo LLC now owns 19,205 shares of the software maker's stock valued at $607,000 after buying an additional 906 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of BOX by 34.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 343,875 shares of the software maker's stock worth $10,866,000 after purchasing an additional 88,900 shares in the last quarter. Finally, Profit Investment Management LLC boosted its position in shares of BOX by 3.9% in the 4th quarter. Profit Investment Management LLC now owns 100,008 shares of the software maker's stock worth $3,160,000 after buying an additional 3,720 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley decreased their price target on BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Raymond James restated an "outperform" rating and set a $38.00 price objective (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. DA Davidson cut 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. StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.44.

BOX Stock Performance

BOX stock traded down $0.24 during trading on Monday, reaching $32.04. 205,921 shares of the company traded hands, compared to its average volume of 1,813,808. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. The business has a 50 day simple moving average of $30.68 and a 200 day simple moving average of $32.18.

BOX declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Activity

In other BOX news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred 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 owns 2,979,780 shares of the company's stock, valued at $95,591,342.40. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 1,332 shares of BOX stock in a transaction that occurred on Monday, April 7th. The shares were 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 in the company, valued at $14,288,730.45. This trade represents a 0.27% 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 valued at $2,060,714 in the last three months. 4.10% of the stock is currently owned by corporate insiders.

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.