Schroder Investment Management Group Reduces Stock Position in Box, Inc. (NYSE:BOX)

Schroder Investment Management Group lowered its position in shares of Box, Inc. (NYSE:BOXFree Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,544,509 shares of the software maker’s stock after selling 306,608 shares during the period. Schroder Investment Management Group owned about 1.08% of BOX worth $39,555,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sunriver Management LLC raised its holdings in BOX by 10.4% in the 4th quarter. Sunriver Management LLC now owns 1,920,378 shares of the software maker’s stock worth $49,181,000 after purchasing an additional 181,396 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of BOX by 2.3% in the 4th quarter. Rafferty Asset Management LLC now owns 70,614 shares of the software maker’s stock worth $1,808,000 after acquiring an additional 1,567 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of BOX in the 4th quarter worth about $1,176,000. TFO Wealth Partners LLC increased its stake in shares of BOX by 62,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after acquiring an additional 1,860 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of BOX by 3,916.1% in the 4th quarter. US Bancorp DE now owns 27,992 shares of the software maker’s stock worth $717,000 after acquiring an additional 27,295 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Activity

In related news, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the sale, the director now owns 43,940 shares in the company, valued at $1,247,896. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BOX news, Director Dana L. Evan sold 11,000 shares of BOX stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.47, for a total transaction of $313,170.00. Following the completion of the transaction, the director now directly owns 116,535 shares of the company’s stock, valued at $3,317,751.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Levin sold 73,660 shares of BOX 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 transaction, the director now directly owns 43,940 shares of the company’s stock, valued at $1,247,896. The disclosure for this sale can be found here. Insiders have sold a total of 110,660 shares of company stock worth $3,099,054 over the last quarter. Insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

BOX has been the subject of several research reports. Citigroup increased their price target on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. raised 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. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, May 29th. UBS Group reduced their price objective on shares of BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Finally, JMP Securities restated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.33.

View Our Latest Report on BOX

BOX Price Performance

BOX stock opened at $26.69 on Monday. The stock has a market cap of $3.85 billion, a P/E ratio of 36.56, a PEG ratio of 7.67 and a beta of 0.83. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94. The firm’s 50 day moving average price is $26.81 and its 200-day moving average price is $26.58.

About BOX

(Free Report)

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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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