Voya Investment Management LLC Has $10.62 Million Position in Box, Inc. (NYSE:BOX)

Voya Investment Management LLC trimmed its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,993 shares of the software maker's stock after selling 100,203 shares during the period. Voya Investment Management LLC owned about 0.23% of BOX worth $10,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BOX. Janney Montgomery Scott LLC lifted its holdings in shares of BOX by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker's stock valued at $247,000 after buying an additional 391 shares during the last quarter. Farther Finance Advisors LLC raised its position in BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after acquiring an additional 417 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in BOX by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock valued at $1,189,000 after acquiring an additional 423 shares during the last quarter. Aspiriant LLC grew its position in BOX by 5.0% in the fourth quarter. Aspiriant LLC now owns 9,048 shares of the software maker's stock worth $286,000 after acquiring an additional 427 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in BOX by 2.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker's stock worth $548,000 after acquiring an additional 442 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Buying and Selling at BOX

In related news, VP Eli Berkovitch sold 5,651 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $3,822,443.52. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were 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 trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,022 shares of company stock valued at $2,198,045 in the last ninety days. Company insiders own 4.10% of the company's stock.

BOX Price Performance

Shares of BOX stock traded up $0.23 during midday trading on Friday, hitting $31.21. The company had a trading volume of 971,757 shares, compared to its average volume of 1,815,570. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $35.74. The business's 50 day simple moving average is $30.86 and its two-hundred day simple moving average is $32.21. The stock has a market cap of $4.49 billion, a PE ratio of 39.01, a P/E/G ratio of 4.42 and a beta of 0.96.

BOX announced that its board has authorized a share buyback plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BOX. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $21.00 price target on shares of BOX in a research report on Wednesday, March 19th. Raymond James reissued an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. Morgan Stanley cut 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. Finally, 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. 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.44.

About BOX

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.