New Age Alpha Advisors LLC Invests $247,000 in Box, Inc. (NYSE:BOX)

New Age Alpha Advisors LLC bought a new stake in Box, Inc. (NYSE:BOX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,807 shares of the software maker’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BOX. Beacon Harbor Wealth Advisors Inc. bought a new stake in BOX in the fourth quarter valued at approximately $5,997,000. Robeco Institutional Asset Management B.V. bought a new stake in BOX in the 4th quarter valued at $981,000. Petrus Trust Company LTA bought a new stake in BOX in the 3rd quarter valued at $615,000. Sei Investments Co. lifted its holdings in BOX by 8.4% during the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock valued at $103,857,000 after purchasing an additional 255,623 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in 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 period. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of BOX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup increased their price target on shares of BOX from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. UBS Group boosted 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. DA Davidson reiterated a “buy” rating and set a $45.00 target price on shares of BOX in a research note on Wednesday, March 19th. Finally, Raymond James reissued an “outperform” rating and set a $38.00 price target (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.11.

BOX Price Performance

BOX stock opened at $31.52 on Thursday. The firm has a market cap of $4.53 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 4.42 and a beta of 1.00. The stock’s fifty day moving average price is $32.67 and its two-hundred day moving average price is $32.61. Box, Inc. has a one year low of $24.63 and a one year high of $35.74.

BOX declared that its board has approved a share repurchase program on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 2,105 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total transaction of $64,749.80. Following the sale, the chief operating officer now owns 427,113 shares in the company, valued at approximately $13,137,995.88. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eli Berkovitch sold 4,791 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.06, for a total transaction of $148,808.46. Following the transaction, the vice president now owns 132,741 shares of the company’s stock, valued at approximately $4,122,935.46. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,705 shares of company stock worth $2,375,998. Company insiders own 4.10% of the company’s stock.

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.