Raymond James & Associates Has $362,000 Stock Holdings in Box, Inc. (NYSE:BOX)

Raymond James & Associates lessened its position in Box, Inc. (NYSE:BOX) by 76.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,143 shares of the software maker’s stock after selling 45,207 shares during the period. Raymond James & Associates’ holdings in BOX were worth $362,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new position in shares of BOX during the third quarter worth about $38,000. Jump Financial LLC acquired a new position in shares of BOX in the third quarter valued at about $210,000. Cambridge Investment Research Advisors Inc. grew its position in shares of BOX by 8.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,737 shares of the software maker’s stock worth $212,000 after purchasing an additional 682 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in BOX by 9.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,820 shares of the software maker’s stock worth $214,000 after buying an additional 797 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of BOX in the third quarter worth $218,000. Institutional investors own 86.74% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BOX. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. JMP Securities restated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th. Finally, Citigroup increased their price objective on BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and an average target price of $30.89.

BOX Stock Performance

BOX opened at $26.85 on Monday. The firm has a market cap of $3.88 billion, a P/E ratio of 40.07, a PEG ratio of 9.10 and a beta of 0.84. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $31.94. The firm has a 50-day moving average of $27.54 and a 200 day moving average of $26.28.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $262.88 million for 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%. Equities research analysts predict that Box, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the sale, the director now directly owns 43,940 shares in the company, valued at approximately $1,247,896. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Daniel J. Levin sold 73,660 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the sale, the director now owns 43,940 shares of the company’s stock, valued at approximately $1,247,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total value of $354,900.00. Following the sale, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,660 shares of company stock valued at $3,792,204. Company insiders own 4.90% of the company’s stock.

BOX Company Profile

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.