Box, Inc. (NYSE:BOX) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in Box, Inc. (NYSE:BOX) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,286,619 shares of the software maker’s stock after acquiring an additional 255,623 shares during the period. Sei Investments Co. owned 2.29% of BOX worth $103,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of BOX. Itau Unibanco Holding S.A. acquired a new position in BOX in the third quarter valued at $36,000. Smartleaf Asset Management LLC raised its holdings in shares of BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock valued at $69,000 after buying an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC raised 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 buying an additional 417 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of BOX in the fourth quarter valued at about $132,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of BOX in the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analysts Set New Price Targets

BOX has been the subject of a number of research reports. Citigroup upped their target price on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley increased their price target on shares of BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. Finally, Bank of America assumed coverage on shares of BOX in a report on Thursday, December 12th. They set a “buy” rating and a $40.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.11.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $31.05, for a total value of $403,650.00. Following the completion of the transaction, the chief financial officer now directly owns 1,466,684 shares of the company’s stock, valued at approximately $45,540,538.20. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,979,780 shares of the company’s stock, valued at approximately $95,591,342.40. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,363 shares of company stock valued at $2,533,374. Corporate insiders own 4.10% of the company’s stock.

BOX Trading Up 0.4 %

Shares of BOX stock opened at $30.35 on Friday. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $35.74. The stock has a market cap of $4.36 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The company has a 50-day moving average of $32.73 and a two-hundred day moving average of $32.71.

BOX announced that its board has approved a stock repurchase 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 purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.