XTX Topco Ltd Sells 29,568 Shares of Box, Inc. (NYSE:BOX)

XTX Topco Ltd trimmed its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 77.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,434 shares of the software maker's stock after selling 29,568 shares during the quarter. XTX Topco Ltd's holdings in BOX were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position 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 worth $69,000 after acquiring an additional 1,897 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of BOX by 19.3% in the fourth 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of BOX during the fourth quarter worth about $132,000. Plato Investment Management Ltd bought a new position in shares of BOX during the fourth quarter worth about $134,000. Finally, KBC Group NV raised its position in BOX by 35.7% in the 4th quarter. KBC Group NV now owns 5,403 shares of the software maker's stock valued at $171,000 after buying an additional 1,420 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. DA Davidson reduced their price target on BOX from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley reduced their target price on shares of BOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. StockNews.com lowered shares of BOX from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of BOX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $38.00 target price (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. One research 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.44.

BOX Stock Up 0.2 %

Shares of BOX stock traded up $0.06 on Thursday, hitting $31.28. The stock had a trading volume of 199,714 shares, compared to its average volume of 1,810,220. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $35.74. The business's 50 day moving average is $30.94 and its two-hundred day moving average is $32.24.

BOX declared that its board has approved a share buyback program on Tuesday, March 4th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the sale, the chief financial officer now owns 1,453,684 shares of the company's stock, valued at $49,890,434.88. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Olivia Nottebohm sold 6,079 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now directly owns 440,988 shares in the company, valued at $15,178,806.96. This represents a 1.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,022 shares of company stock worth $2,198,045 in the last ninety days. 4.10% of the stock is owned by company insiders.

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.