Segall Bryant & Hamill LLC Has $11.97 Million Position in Box, Inc. (NYSE:BOX)

Segall Bryant & Hamill LLC cut its position in shares of Box, Inc. (NYSE:BOX) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 378,773 shares of the software maker’s stock after selling 5,101 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in BOX were worth $11,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in BOX during the third quarter worth about $36,000. Smartleaf Asset Management LLC boosted its stake in shares of BOX by 715.8% during 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 period. Farther Finance Advisors LLC increased its holdings in shares of BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after acquiring an additional 417 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in BOX in the 4th quarter valued at $132,000. Finally, Plato Investment Management Ltd acquired a new stake in BOX during the 4th quarter valued at $134,000. 86.74% of the stock is owned by institutional investors.

BOX Price Performance

BOX stock opened at $30.77 on Wednesday. The firm has a market cap of $4.42 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The stock’s fifty day moving average price is $32.71 and its two-hundred day moving average price is $32.68. 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 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 often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other BOX news, COO Olivia Nottebohm sold 12,414 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $31.85, for a total transaction of $395,385.90. Following the sale, the chief operating officer now directly owns 453,146 shares in the company, valued at $14,432,700.10. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $31.95, for a total transaction of $415,350.00. Following the completion of the transaction, the chief financial officer now owns 1,440,684 shares of the company’s stock, valued at $46,029,853.80. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,363 shares of company stock worth $2,533,374. Company insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Citigroup raised their price objective on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. DA Davidson reaffirmed a “buy” rating and issued a $45.00 target price on shares of BOX in a research report on Wednesday, March 19th. Finally, Morgan Stanley lifted their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.11.

About BOX

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.