Box, Inc. (NYSE:BOX) Shares Sold by Divisar Capital Management LLC

Divisar Capital Management LLC cut its holdings in Box, Inc. (NYSE:BOX) by 39.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 363,461 shares of the software maker’s stock after selling 235,000 shares during the quarter. BOX accounts for 2.5% of Divisar Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Divisar Capital Management LLC owned about 0.25% of BOX worth $11,485,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after acquiring an additional 653 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 purchasing an additional 417 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in BOX in the 4th quarter valued at $132,000. Finally, Plato Investment Management Ltd purchased a new position in BOX in the 4th quarter valued at $134,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Stock Down 0.8 %

Shares of BOX stock opened at $31.22 on Thursday. The business’s fifty day simple moving average is $30.94 and its 200-day simple moving average is $32.24. The firm has a market cap of $4.49 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.96. Box, Inc. has a 52 week low of $24.63 and a 52 week 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 shares. This repurchase authorization allows the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BOX has been the subject of a number of recent research reports. DA Davidson reduced their target price on shares of BOX from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Raymond James reiterated an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of BOX in a report on Wednesday, March 5th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 19th. Morgan Stanley cut their price target on BOX from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.44.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 1,453,684 shares in the company, valued at approximately $49,890,434.88. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 5,651 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $30.66, for a total value of $173,259.66. Following the transaction, the vice president now owns 124,672 shares of the company’s stock, valued at $3,822,443.52. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,022 shares of company stock valued at $2,198,045. Company insiders own 4.10% of the company’s stock.

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.