Box, Inc. (NYSE:BOX) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in shares of Box, Inc. (NYSE:BOX) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,522 shares of the software maker’s stock after selling 16,248 shares during the period. Federated Hermes Inc.’s holdings in BOX were worth $2,446,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BOX. DekaBank Deutsche Girozentrale acquired a new stake in BOX during the 3rd quarter valued at $38,000. Blue Trust Inc. grew its holdings in BOX by 17.0% during the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock valued at $149,000 after purchasing an additional 897 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in BOX during the 4th quarter valued at $185,000. Stratos Wealth Partners LTD. acquired a new stake in BOX during the 4th quarter valued at $209,000. Finally, Jump Financial LLC acquired a new stake in BOX during the 3rd quarter valued at $210,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on BOX. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. JMP Securities reissued a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price objective on BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.89.

BOX Trading Down 0.5 %

NYSE:BOX opened at $26.85 on Friday. The firm has a market capitalization of $3.88 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 9.15 and a beta of 0.84. The stock has a 50 day moving average of $27.54 and a 200-day moving average of $26.28. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $31.94.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $262.88 million during the quarter, compared to analyst estimates of $262.92 million. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. As a group, analysts predict that Box, Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the transaction, the chief executive officer now directly owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the transaction, the chief executive officer now directly owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total value of $354,900.00. Following the completion of the transaction, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at $43,104,297.60. The disclosure for this sale can be found here. Insiders sold 133,660 shares of company stock valued at $3,792,204 in the last three months. 4.90% of the stock is currently owned by corporate insiders.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.