Raiffeisen Bank International AG Buys Shares of 6,757 Box, Inc. (NYSE:BOX)

Raiffeisen Bank International AG bought a new stake in shares of Box, Inc. (NYSE:BOX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,757 shares of the software maker’s stock, valued at approximately $215,000.

Several other large investors also recently added to or reduced their stakes in BOX. Smartleaf Asset Management LLC raised 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 valued at $69,000 after purchasing an additional 1,897 shares during the period. TD Waterhouse Canada Inc. raised its stake in BOX by 42.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock valued at $69,000 after purchasing an additional 653 shares during the period. Farther Finance Advisors LLC raised its stake in BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock valued at $81,000 after purchasing an additional 417 shares during the period. SBI Securities Co. Ltd. acquired a new stake in BOX during the 4th quarter valued at $132,000. Finally, Plato Investment Management Ltd acquired a new stake in BOX during the 4th quarter valued at $134,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of BOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, March 19th. JPMorgan Chase & Co. dropped their price target 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. DA Davidson dropped their price target 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. Finally, Raymond James reaffirmed an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of BOX in a research note on Wednesday, March 5th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.44.

Insiders Place Their Bets

In other news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.08, for a total value of $320,800.00. Following the sale, the chief executive officer now directly owns 2,979,780 shares of the company’s stock, valued at approximately $95,591,342.40. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Olivia Nottebohm sold 1,332 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $29.01, for a total value of $38,641.32. Following the completion of the sale, the chief operating officer now directly owns 492,545 shares in the company, valued at approximately $14,288,730.45. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,377 shares of company stock valued at $2,060,714 over the last three months. 4.10% of the stock is currently owned by insiders.

BOX Price Performance

BOX stock opened at $32.27 on Monday. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 40.34, a PEG ratio of 4.42 and a beta of 0.94. Box, Inc. has a one year low of $24.63 and a one year high of $35.74. The company’s fifty day moving average price is $30.68 and its two-hundred day moving average price is $32.18.

BOX announced 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 purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board 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.