D. E. Shaw & Co. Inc. Has $13.70 Million Holdings in Box, Inc. (NYSE:BOX)

D. E. Shaw & Co. Inc. grew its stake in Box, Inc. (NYSE:BOX) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 433,390 shares of the software maker’s stock after acquiring an additional 96,147 shares during the period. D. E. Shaw & Co. Inc.’s holdings in BOX were worth $13,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in BOX by 715.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after purchasing an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of BOX by 42.4% during 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 boosted its holdings in BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock valued at $81,000 after acquiring an additional 417 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in BOX in the fourth quarter worth about $132,000. Finally, Plato Investment Management Ltd acquired a new stake in BOX in the fourth quarter worth about $134,000. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Price Performance

NYSE:BOX opened at $31.78 on Wednesday. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $35.74. The business’s 50-day simple moving average is $30.68 and its 200-day simple moving average is $32.18. The stock has a market capitalization of $4.57 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

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

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 1,332 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $29.01, for a total transaction of $38,641.32. Following the completion of the transaction, the chief operating officer now directly owns 492,545 shares in the company, valued at approximately $14,288,730.45. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total value of $320,800.00. Following the completion of the sale, the chief executive officer now owns 2,979,780 shares in the company, valued at $95,591,342.40. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,377 shares of company stock valued at $2,060,714 over the last quarter. Corporate insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, March 19th. DA Davidson reduced their price objective on shares of 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 cut their price target 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. JPMorgan Chase & Co. decreased their price objective on BOX from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, Raymond James reissued an “outperform” rating and issued a $38.00 target price (down previously from $40.00) on shares of BOX in a research note on Wednesday, March 5th. One equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.44.

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.