Box, Inc. (NYSE:BOX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Box, Inc. (NYSE:BOX) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 431,881 shares of the software maker’s stock after buying an additional 49,351 shares during the quarter. Natixis Advisors LLC owned 0.30% of BOX worth $13,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in shares of BOX during the 3rd quarter worth approximately $36,000. Smartleaf Asset Management LLC boosted its position in 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 purchasing an additional 1,897 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of BOX in the fourth quarter valued at $132,000. Finally, Plato Investment Management Ltd acquired a new position in shares of BOX during the 4th quarter worth $134,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was 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 represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $31.95, for a total value of $415,350.00. Following the completion of the transaction, the chief financial officer now owns 1,440,684 shares in the company, valued at approximately $46,029,853.80. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,363 shares of company stock valued at $2,533,374. Insiders own 4.10% of the company’s stock.

BOX Trading Down 0.1 %

Shares of NYSE:BOX opened at $30.83 on Thursday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 4.42 and a beta of 1.00. The stock’s 50-day moving average price is $32.76 and its two-hundred day moving average price is $32.74. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $35.74.

BOX declared that its board has approved a stock 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BOX has been the topic of a number of research reports. Bank of America began coverage on shares of BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. dropped 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. DA Davidson reaffirmed a “buy” rating and issued a $45.00 target price on shares of BOX in a research note on Wednesday. Raymond James reissued an “outperform” rating and set a $38.00 price target (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, UBS Group upped their price objective on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

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.