Citigroup Inc. Has $3.60 Million Stake in Box, Inc. (NYSE:BOX)

Citigroup Inc. trimmed its position in shares of Box, Inc. (NYSE:BOX – Get Rating) by 64.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,788 shares of the software maker’s stock after selling 212,117 shares during the period. Citigroup Inc. owned approximately 0.08% of BOX worth $3,604,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Pathstone Family Office LLC grew its stake in BOX by 2.1% during the third quarter. Pathstone Family Office LLC now owns 24,571 shares of the software maker’s stock worth $599,000 after buying an additional 497 shares in the last quarter. Boston Partners boosted its holdings in shares of BOX by 2.0% in the 3rd quarter. Boston Partners now owns 27,403 shares of the software maker’s stock valued at $668,000 after purchasing an additional 545 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of BOX by 1.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 57,832 shares of the software maker’s stock valued at $1,800,000 after purchasing an additional 561 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of BOX by 9.5% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,057 shares of the software maker’s stock valued at $172,000 after purchasing an additional 615 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of BOX by 8.1% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 8,415 shares of the software maker’s stock valued at $205,000 after purchasing an additional 630 shares in the last quarter. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $26.09, for a total value of $339,170.00. Following the transaction, the chief financial officer now owns 1,402,904 shares in the company, valued at approximately $36,601,765.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $26.09, for a total value of $339,170.00. Following the transaction, the chief financial officer now directly owns 1,402,904 shares of the company’s stock, valued at approximately $36,601,765.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack R. Lazar sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $26.95, for a total transaction of $134,750.00. Following the transaction, the director now owns 26,555 shares in the company, valued at approximately $715,657.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,000 shares of company stock worth $1,173,060. Company insiders own 5.20% of the company’s stock.

BOX Trading Down 0.9 %

Shares of BOX opened at $27.51 on Monday. The company has a market capitalization of $3.97 billion, a PE ratio of 550.20, a PEG ratio of 13.31 and a beta of 1.01. Box, Inc. has a 12 month low of $22.31 and a 12 month high of $34.98. The stock’s 50-day moving average price is $26.50 and its two-hundred day moving average price is $29.05.

BOX (NYSE:BOX – Get Rating) last announced its earnings results on Wednesday, March 1st. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $256.48 million for the quarter, compared to the consensus estimate of $256.29 million. BOX had a negative return on equity of 2.53% and a net margin of 2.70%. Equities research analysts predict that Box, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of BOX in a research note on Thursday. They issued a “buy” rating on the stock. Credit Suisse Group restated an “outperform” rating and issued a $36.00 price target on shares of BOX in a research note on Thursday, March 2nd. Morgan Stanley cut their price objective on BOX from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, March 2nd. JMP Securities reissued a “market outperform” rating and set a $32.00 price objective on shares of BOX in a report on Thursday, March 16th. Finally, Royal Bank of Canada cut their price objective on BOX from $24.00 to $21.00 and set an “underperform” rating on the stock in a report on Wednesday, March 15th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and an average price target of $34.20.

BOX Profile

(Get Rating)

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.