Russell Investments Group Ltd. Raises Stake in Box, Inc. (NYSE:BOX)

Russell Investments Group Ltd. increased its stake in Box, Inc. (NYSE:BOX) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 492,333 shares of the software maker’s stock after buying an additional 45,971 shares during the period. Russell Investments Group Ltd.’s holdings in BOX were worth $12,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in BOX in the 3rd quarter worth about $38,000. Blue Trust Inc. boosted its holdings in shares of BOX by 17.0% in the fourth 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 during the period. Tennessee Valley Asset Management Partners bought a new position in BOX in the fourth quarter worth approximately $185,000. Stratos Wealth Partners LTD. purchased a new position in BOX during the 4th quarter worth $209,000. Finally, Jump Financial LLC bought a new stake in BOX during the 3rd quarter valued at $210,000. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, March 20th. Citigroup upped their price target on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and set a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Finally, UBS Group increased their target price on BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.89.

Insider Activity at BOX

In related news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction 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 owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $27.47, for a total transaction of $357,110.00. Following the sale, the chief financial officer now owns 1,408,702 shares of the company’s stock, valued at $38,697,043.94. 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 owned by insiders.

BOX Trading Down 0.3 %

Shares of BOX opened at $26.14 on Friday. The firm has a market cap of $3.77 billion, a PE ratio of 39.01, a P/E/G ratio of 8.88 and a beta of 0.85. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The stock has a fifty day moving average price of $27.63 and a 200-day moving average price of $26.30.

BOX (NYSE:BOX) last announced 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 company 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%. As a group, research analysts forecast that Box, Inc. will post 0.15 EPS for the current year.

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.