Susquehanna Fundamental Investments LLC Invests $3.68 Million in Box, Inc. (NYSE:BOX)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Box, Inc. (NYSE:BOX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 116,532 shares of the software maker's stock, valued at approximately $3,682,000. Susquehanna Fundamental Investments LLC owned approximately 0.08% of BOX at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BOX. Arrowstreet Capital Limited Partnership lifted its position in shares of BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after acquiring an additional 1,725,197 shares during the period. Norges Bank acquired a new position in shares of BOX during the fourth quarter valued at about $29,973,000. Jupiter Asset Management Ltd. acquired a new position in shares of BOX during the fourth quarter valued at about $24,234,000. Fisher Asset Management LLC boosted its position in shares of BOX by 420.6% during the 4th quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock worth $27,097,000 after purchasing an additional 692,784 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of BOX by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock valued at $51,623,000 after buying an additional 304,755 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Stock Performance

NYSE:BOX traded down $0.18 during trading on Thursday, reaching $31.04. The company's stock had a trading volume of 1,116,679 shares, compared to its average volume of 1,813,987. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The firm has a 50 day moving average of $30.90 and a 200-day moving average of $32.23.

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

Wall Street Analyst Weigh In

BOX has been the subject of a number of research reports. Morgan Stanley reduced their price objective 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 reiterated an "outperform" rating and issued a $38.00 target price (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada restated an "underperform" rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Finally, DA Davidson cut their price target on BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.44.

Insider Activity at BOX

In other BOX news, COO Olivia Nottebohm sold 2,105 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $29.52, for a total value of $62,139.60. Following the transaction, the chief operating officer now directly owns 561,132 shares in the company, valued at $16,564,616.64. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the firm's 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 sale, the chief executive officer now owns 2,979,780 shares of the company's stock, valued at approximately $95,591,342.40. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,022 shares of company stock worth $2,198,045. 4.10% of the stock is owned by company insiders.

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.