Box, Inc. (NYSE:BOX) Holdings Boosted by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lifted its stake in shares of Box, Inc. (NYSE:BOX) by 17.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 227,567 shares of the software maker’s stock after purchasing an additional 33,395 shares during the quarter. Congress Wealth Management LLC DE owned about 0.16% of BOX worth $7,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in BOX. Janney Montgomery Scott LLC lifted its stake in BOX by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker’s stock valued at $247,000 after buying an additional 391 shares during the last quarter. Farther Finance Advisors LLC lifted its position in BOX by 19.3% in 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 last quarter. Sanctuary Advisors LLC boosted its stake in BOX by 1.2% during the 4th quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker’s stock valued at $1,189,000 after purchasing an additional 423 shares during the period. Aspiriant LLC increased its stake in shares of BOX by 5.0% in the fourth quarter. Aspiriant LLC now owns 9,048 shares of the software maker’s stock valued at $286,000 after purchasing an additional 427 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of BOX by 2.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker’s stock valued at $548,000 after buying an additional 442 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Stock Down 0.1 %

Shares of NYSE:BOX opened at $30.77 on Wednesday. The company has a market cap of $4.42 billion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The company’s fifty day moving average is $32.71 and its two-hundred day moving average is $32.68. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $35.74.

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

Analyst Upgrades and Downgrades

BOX has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on BOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Bank of America assumed coverage on shares of BOX in a research note on Thursday, December 12th. They set a “buy” rating and a $40.00 price objective on the stock. StockNews.com cut BOX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. 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. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.11.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $31.05, for a total transaction of $403,650.00. Following the completion of the sale, the chief financial officer now directly owns 1,466,684 shares in the company, valued at $45,540,538.20. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 2,979,780 shares in the company, valued at $95,591,342.40. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,363 shares of company stock valued at $2,533,374. Company insiders own 4.10% of the company’s stock.

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.