189,765 Shares in Box, Inc. (NYSE:BOX) Bought by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. purchased a new position in Box, Inc. (NYSE:BOX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 189,765 shares of the software maker’s stock, valued at approximately $5,997,000. Beacon Harbor Wealth Advisors Inc. owned about 0.13% of BOX as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Itau Unibanco Holding S.A. bought a new stake in shares of BOX during the third quarter worth $36,000. Smartleaf Asset Management LLC lifted its position in shares of BOX by 715.8% during 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 lifted its position in shares of BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of BOX during the fourth quarter worth $132,000. Finally, Plato Investment Management Ltd bought a new stake in shares of BOX during the fourth quarter worth $134,000. 86.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BOX

In other BOX news, COO Olivia Nottebohm sold 6,079 shares of BOX stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total value of $209,239.18. Following the transaction, the chief operating officer now owns 440,988 shares in the company, valued at $15,178,806.96. The trade was a 1.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $32.54, for a total value of $325,400.00. Following the completion of the transaction, the chief executive officer now owns 2,999,155 shares in the company, valued at $97,592,503.70. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,041 shares of company stock worth $2,889,758 over the last quarter. Insiders own 4.10% of the company’s stock.

BOX Price Performance

BOX opened at $32.44 on Thursday. The business’s 50-day moving average is $32.82 and its two-hundred day moving average is $32.62. 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 $4.66 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 4.42 and a beta of 0.88.

BOX declared that its board has initiated a stock repurchase plan on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on BOX. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. DA Davidson began coverage on BOX in a research report on Wednesday, December 18th. They set a “buy” rating and a $45.00 target price for the company. JPMorgan Chase & Co. decreased their target price on BOX from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. Finally, StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

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.