Trexquant Investment LP Sells 69,296 Shares of Box, Inc. (NYSE:BOX)

Trexquant Investment LP decreased its stake in shares of Box, Inc. (NYSE:BOX) by 40.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,313 shares of the software maker’s stock after selling 69,296 shares during the period. Trexquant Investment LP’s holdings in BOX were worth $3,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings in BOX by 715.8% during 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 in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after buying an additional 417 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in BOX in the 4th quarter valued at approximately $132,000. Plato Investment Management Ltd bought a new stake in BOX in the 4th quarter valued at approximately $134,000. Finally, KBC Group NV boosted its position in BOX by 35.7% during the 4th quarter. KBC Group NV now owns 5,403 shares of the software maker’s stock worth $171,000 after acquiring an additional 1,420 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BOX shares. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on shares of BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. Raymond James reaffirmed an “outperform” rating and issued a $38.00 target price (down previously from $40.00) on shares of BOX in a research report on Wednesday, March 5th. Finally, DA Davidson reissued a “buy” rating and set a $45.00 price target on shares of BOX in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.11.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were 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 owns 1,466,684 shares in the company, valued at approximately $45,540,538.20. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Olivia Nottebohm sold 6,079 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $31.91, for a total transaction of $193,980.89. Following the completion of the transaction, the chief operating officer now owns 447,067 shares in the company, valued at approximately $14,265,907.97. This trade represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,705 shares of company stock valued at $2,375,998 over the last three months. Insiders own 4.10% of the company’s stock.

BOX Stock Performance

BOX stock opened at $29.82 on Monday. The stock has a 50-day simple moving average of $32.63 and a 200 day simple moving average of $32.57. The stock has a market capitalization of $4.29 billion, a P/E ratio of 37.28, a PEG ratio of 4.42 and a beta of 0.96. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $35.74.

BOX announced that its board has authorized a stock buyback program on Tuesday, March 4th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the software maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.