Box, Inc. (NYSE:BOX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Box, Inc. (NYSE:BOX) by 2.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,399,629 shares of the software maker’s stock after purchasing an additional 27,814 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.97% of BOX worth $44,228,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BOX. Atria Investments Inc grew its holdings in BOX by 37.0% during the third quarter. Atria Investments Inc now owns 24,969 shares of the software maker’s stock worth $817,000 after acquiring an additional 6,738 shares during the period. State of New Jersey Common Pension Fund D boosted its position in BOX by 1.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 69,211 shares of the software maker’s stock worth $2,265,000 after purchasing an additional 834 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in BOX in the 3rd quarter worth approximately $727,000. Mizuho Markets Americas LLC acquired a new stake in shares of BOX during the 3rd quarter worth approximately $1,146,000. Finally, Natixis Advisors LLC increased its holdings in shares of BOX by 20.5% during the 3rd quarter. Natixis Advisors LLC now owns 382,530 shares of the software maker’s stock valued at $12,520,000 after purchasing an additional 65,185 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Price Performance

Shares of NYSE:BOX opened at $31.23 on Friday. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74. The firm has a market capitalization of $4.49 billion, a PE ratio of 39.03, a P/E/G ratio of 4.42 and a beta of 1.00. The business’s 50 day moving average price is $32.79 and its 200-day moving average price is $32.74.

BOX announced that its board has initiated a share buyback program on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at $15,178,806.96. The trade was a 1.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 4,792 shares of BOX stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.46, for a total value of $155,548.32. Following the completion of the sale, the vice president now owns 140,172 shares in the company, valued at $4,549,983.12. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,155 shares of company stock valued at $2,688,923 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BOX shares. DA Davidson assumed coverage on shares of BOX in a report on Wednesday, December 18th. They set a “buy” rating and a $45.00 price target on the stock. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. Bank of America initiated coverage on BOX in a research note on Thursday, December 12th. They issued a “buy” rating and a $40.00 price target for the company. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. dropped their price objective on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

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.