Elo Mutual Pension Insurance Co Acquires Shares of 13,589 Box, Inc. (NYSE:BOX)

Elo Mutual Pension Insurance Co bought a new position in Box, Inc. (NYSE:BOX) during the 4th quarter, HoldingsChannel reports. The fund bought 13,589 shares of the software maker’s stock, valued at approximately $429,000.

A number of other institutional investors have also recently made changes to their positions in BOX. Itau Unibanco Holding S.A. purchased a new position in BOX in the 3rd quarter worth approximately $36,000. Smartleaf Asset Management LLC raised its stake in shares of BOX by 715.8% in the fourth 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. Farther Finance Advisors LLC raised its stake in shares of BOX by 19.3% in 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of BOX during the fourth quarter valued at $132,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of BOX during the fourth quarter valued at $134,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

BOX has been the subject of a number of recent analyst reports. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, March 19th. DA Davidson restated a “buy” rating and set a $45.00 price objective on shares of BOX in a research report on Wednesday, March 19th. Citigroup lifted their target price on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. lowered their price target on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group lifted their price objective on BOX from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and an average target price of $37.11.

BOX Stock Performance

Shares of BOX stock opened at $31.12 on Monday. The stock has a market cap of $4.47 billion, a P/E ratio of 38.90, a P/E/G ratio of 4.42 and a beta of 1.00. The stock’s fifty day moving average is $32.69 and its 200 day moving average is $32.65. Box, Inc. has a one year low of $24.63 and a one year high of $35.74.

BOX declared that its Board of Directors has approved 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.05, for a total transaction of $403,650.00. Following the sale, the chief financial officer now directly owns 1,466,684 shares in the company, valued at $45,540,538.20. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eli Berkovitch sold 4,791 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.06, for a total transaction of $148,808.46. Following the completion of the transaction, the vice president now directly owns 132,741 shares of the company’s stock, valued at $4,122,935.46. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,705 shares of company stock valued at $2,375,998 over the last quarter. 4.10% of the stock is currently owned by company insiders.

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.