Ensign Peak Advisors Inc Has $3.63 Million Stake in Box, Inc. (NYSE:BOX)

Ensign Peak Advisors Inc grew its holdings in Box, Inc. (NYSE:BOX) by 22.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,955 shares of the software maker’s stock after buying an additional 20,847 shares during the period. Ensign Peak Advisors Inc owned 0.08% of BOX worth $3,633,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BOX. Arrowstreet Capital Limited Partnership lifted its position in shares of BOX by 103.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock valued at $107,009,000 after buying an additional 1,725,197 shares during the last quarter. Norges Bank acquired a new stake in shares of BOX in the fourth quarter valued at approximately $29,973,000. Jupiter Asset Management Ltd. acquired a new stake in shares of BOX in the fourth quarter valued at approximately $24,234,000. Fisher Asset Management LLC lifted its position in shares of BOX by 420.6% in the fourth quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker’s stock valued at $27,097,000 after buying an additional 692,784 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of BOX by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker’s stock valued at $51,623,000 after buying an additional 304,755 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BOX news, VP Eli Berkovitch sold 5,651 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $30.66, for a total transaction of $173,259.66. Following the transaction, the vice president now owns 124,672 shares in the company, valued at $3,822,443.52. This trade represents a 4.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.08, for a total value of $320,800.00. Following the transaction, the chief executive officer now owns 2,979,780 shares in the company, valued at approximately $95,591,342.40. This trade represents a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,377 shares of company stock worth $2,060,714 in the last 90 days. Company insiders own 4.10% of the company’s stock.

BOX Price Performance

BOX stock opened at $31.61 on Thursday. The stock’s fifty day moving average price is $30.66 and its two-hundred day moving average price is $32.17. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The firm has a market cap of $4.55 billion, a PE ratio of 39.51, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

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.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BOX. JPMorgan Chase & Co. lowered their target price on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, March 19th. DA Davidson lowered their target price on BOX from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Morgan Stanley lowered their target price on BOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.44.

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.