Stifel Financial Corp Grows Holdings in Box, Inc. (NYSE:BOX)

Stifel Financial Corp grew its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 31.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,924 shares of the software maker's stock after buying an additional 12,898 shares during the period. Stifel Financial Corp's holdings in BOX were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

BOX Stock Performance

BOX stock traded up $0.36 during trading on Monday, reaching $31.78. 165,906 shares of the company were exchanged, compared to its average volume of 1,812,199. The stock's 50 day moving average price is $30.69 and its 200 day moving average price 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 $4.57 billion, a P/E ratio of 39.72, a PEG ratio of 4.42 and a beta of 0.94.

BOX announced that its Board of Directors has initiated a share buyback program on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.08, for a total transaction of $320,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,979,780 shares in the company, valued at $95,591,342.40. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $31.95, for a total transaction of $415,350.00. Following the transaction, the chief financial officer now directly owns 1,440,684 shares in the company, valued at approximately $46,029,853.80. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 49,943 shares of company stock worth $1,542,645. 4.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their target price on BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Raymond James reaffirmed an "outperform" rating and set a $38.00 price target (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. DA Davidson cut their target price on shares of BOX from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley reduced their price target on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.