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

Sei Investments Co. increased its position in shares of Box, Inc. (NYSE:BOX) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,286,619 shares of the software maker’s stock after acquiring an additional 255,623 shares during the quarter. Sei Investments Co.’s holdings in BOX were worth $103,857,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BOX. Pathstone Holdings LLC boosted its position in BOX by 7.3% during the third quarter. Pathstone Holdings LLC now owns 51,813 shares of the software maker’s stock worth $1,696,000 after acquiring an additional 3,532 shares during the last quarter. Intech Investment Management LLC acquired a new stake in BOX during the third quarter worth approximately $1,190,000. Massachusetts Financial Services Co. MA boosted its position in BOX by 5.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 89,229 shares of the software maker’s stock worth $2,920,000 after acquiring an additional 4,766 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in BOX by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock worth $44,900,000 after acquiring an additional 134,175 shares during the last quarter. Finally, Algert Global LLC boosted its position in BOX by 80.3% during the third quarter. Algert Global LLC now owns 140,390 shares of the software maker’s stock worth $4,595,000 after acquiring an additional 62,540 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.05, for a total value of $403,650.00. Following the transaction, the chief financial officer now 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Aaron Levie sold 10,000 shares of the firm’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 transaction, the chief executive officer now directly owns 2,979,780 shares in the company, valued at approximately $95,591,342.40. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,363 shares of company stock valued at $2,533,374. Company insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BOX. UBS Group raised their target price on shares of BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. DA Davidson reiterated a “buy” rating and issued a $45.00 price target on shares of BOX in a report on Wednesday. Raymond James reiterated an “outperform” rating and issued a $38.00 price target (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and an average target price of $37.11.

BOX Trading Up 0.4 %

Shares of BOX stock opened at $30.35 on Friday. The company’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $32.71. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74. The company has a market cap of $4.36 billion, a PE ratio of 37.93, a P/E/G ratio of 4.42 and a beta of 1.00.

BOX announced that its board has initiated a stock buyback program on Tuesday, March 4th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.