115,139 Shares in Box, Inc. (NYSE:BOX) Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Box, Inc. (NYSE:BOX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,139 shares of the software maker’s stock, valued at approximately $3,638,000. BI Asset Management Fondsmaeglerselskab A S owned 0.08% of BOX at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BOX. Smartleaf Asset Management LLC increased its holdings in BOX by 715.8% in the 4th 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 during the last quarter. Farther Finance Advisors LLC increased its stake 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 worth $81,000 after purchasing an additional 417 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of BOX in the fourth quarter worth about $132,000. Plato Investment Management Ltd bought a new stake in shares of BOX in the fourth quarter valued at approximately $134,000. Finally, KBC Group NV lifted its stake in shares of BOX by 35.7% during 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 in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Price Performance

BOX stock opened at $29.65 on Monday. The firm has a 50 day simple moving average of $31.64 and a two-hundred day simple moving average of $32.33. The stock has a market cap of $4.26 billion, a PE ratio of 37.06, a P/E/G ratio of 4.42 and a beta of 0.96. Box, Inc. has a one year low of $24.63 and a one year high of $35.74.

BOX declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 4th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 1,453,684 shares in the company, valued at approximately $49,890,434.88. The trade was a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 1,332 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32. Following the transaction, the chief operating officer now directly owns 492,545 shares in the company, valued at approximately $14,288,730.45. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,996 shares of company stock worth $2,329,886. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BOX has been the topic of a number of analyst reports. DA Davidson lowered 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. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on BOX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Raymond James reiterated an “outperform” rating and set a $38.00 price target (down from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday, March 19th. One research 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. Based on data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus price target 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.