Martingale Asset Management L P Has $2.69 Million Holdings in Box, Inc. (NYSE:BOX)

Martingale Asset Management L P raised its holdings in Box, Inc. (NYSE:BOX) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,194 shares of the software maker’s stock after acquiring an additional 9,105 shares during the period. Martingale Asset Management L P owned about 0.06% of BOX worth $2,692,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings 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 valued at $69,000 after purchasing an additional 1,897 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after buying an additional 417 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of BOX during the fourth quarter worth $132,000. Plato Investment Management Ltd bought a new position in shares of BOX in the 4th quarter valued at $134,000. Finally, KBC Group NV boosted its holdings 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 acquiring an additional 1,420 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity at BOX

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $31.91, for a total value of $193,980.89. Following the transaction, the chief operating officer now directly owns 447,067 shares of the company’s stock, valued at approximately $14,265,907.97. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.32, for a total value of $446,160.00. Following the transaction, the chief financial officer now owns 1,453,684 shares in the company, valued at $49,890,434.88. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,246 shares of company stock worth $1,862,181 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BOX shares. DA Davidson reiterated a “buy” rating and issued a $45.00 target price on shares of BOX in a research report on Wednesday, March 19th. Bank of America initiated coverage on shares of BOX in a report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective for the company. Raymond James reissued an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, BOX currently has an average rating of “Moderate Buy” and an average target price of $37.11.

BOX Trading Down 0.7 %

Shares of BOX opened at $30.08 on Friday. The firm’s fifty day simple moving average is $32.17 and its two-hundred day simple moving average is $32.43. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $35.74. The stock has a market capitalization of $4.33 billion, a P/E ratio of 37.61, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96.

BOX announced that its board has authorized a stock repurchase plan on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

BOX Company 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.