Neuberger Berman Group LLC Sells 4,253 Shares of Box, Inc. (NYSE:BOX)

Neuberger Berman Group LLC trimmed its position in shares of Box, Inc. (NYSE:BOX) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 941,527 shares of the software maker’s stock after selling 4,253 shares during the period. Neuberger Berman Group LLC’s holdings in BOX were worth $29,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of BOX by 5.3% during the 4th 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 raised its position 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 valued at $81,000 after purchasing an additional 417 shares during the period. Sanctuary Advisors LLC raised its position in shares of BOX by 1.2% in the fourth 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 lifted its stake in shares of BOX by 5.0% during the 4th quarter. Aspiriant LLC now owns 9,048 shares of the software maker’s stock valued at $286,000 after buying an additional 427 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in BOX by 2.6% in the 4th 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 in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Price Performance

Shares of BOX stock opened at $30.08 on Friday. The company has a 50 day simple moving average of $32.17 and a two-hundred day simple moving average of $32.43. The firm has a market cap of $4.33 billion, a PE ratio of 37.61, a PEG ratio of 4.42 and a beta of 0.96. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $35.74.

BOX announced that its Board of Directors has initiated a share buyback plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 6,079 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $34.42, for a total transaction of $209,239.18. Following the transaction, the chief operating officer now directly owns 440,988 shares of the company’s stock, valued at approximately $15,178,806.96. This trade represents a 1.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.32, for a total value of $446,160.00. Following the completion of the sale, the chief financial officer now directly owns 1,453,684 shares of the company’s stock, valued at approximately $49,890,434.88. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,246 shares of company stock valued at $1,862,181. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

BOX has been the topic of several recent research reports. DA Davidson restated a “buy” rating and set a $45.00 target price on shares of BOX in a research report on Wednesday, March 19th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. StockNews.com lowered BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. Raymond James reissued an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Finally, Bank of America initiated coverage on shares of BOX in a research report on Thursday, December 12th. They issued a “buy” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and an average price target of $37.11.

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.