Xponance Inc. Grows Stock Holdings in Box, Inc. (NYSE:BOX)

Xponance Inc. increased its stake in Box, Inc. (NYSE:BOX) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,516 shares of the software maker’s stock after buying an additional 876 shares during the quarter. Xponance Inc.’s holdings in BOX were worth $459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in BOX by 1.2% in the third quarter. State Street Corp now owns 5,623,032 shares of the software maker’s stock worth $184,042,000 after acquiring an additional 69,107 shares in the last quarter. Geode Capital Management LLC boosted its stake in BOX by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,249,823 shares of the software maker’s stock worth $106,387,000 after purchasing an additional 13,028 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in BOX by 1.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,425,176 shares of the software maker’s stock worth $79,376,000 after purchasing an additional 44,190 shares in the last quarter. Congress Asset Management Co. grew its position in BOX by 17.5% during the 4th quarter. Congress Asset Management Co. now owns 1,659,646 shares of the software maker’s stock valued at $52,445,000 after purchasing an additional 246,993 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in BOX by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,399,629 shares of the software maker’s stock valued at $44,228,000 after purchasing an additional 27,814 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the sale, the chief financial officer now owns 1,466,684 shares of the company’s stock, valued at $45,540,538.20. The trade was 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, VP Eli Berkovitch sold 4,791 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.06, for a total value of $148,808.46. Following the completion of the transaction, the vice president now directly owns 132,741 shares in the company, valued at approximately $4,122,935.46. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,705 shares of company stock worth $2,375,998. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

BOX has been the topic of a number of recent analyst reports. 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 on the stock. UBS Group increased their target price on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, March 19th. Finally, Morgan Stanley boosted their target price on BOX from $33.00 to $36.00 and gave the stock an “equal weight” 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 nine have issued a buy rating to the stock. According to MarketBeat.com, BOX has a consensus rating of “Moderate Buy” and an average price target of $37.11.

BOX Stock Up 0.8 %

BOX stock opened at $30.99 on Thursday. 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 $4.46 billion, a P/E ratio of 38.74, a P/E/G ratio of 4.42 and a beta of 1.00. The business has a 50-day simple moving average of $32.70 and a two-hundred day simple moving average of $32.67.

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