Captrust Financial Advisors Cuts Position in Box, Inc. (NYSE:BOX)

Captrust Financial Advisors lessened its holdings in Box, Inc. (NYSE:BOX) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,763 shares of the software maker’s stock after selling 668 shares during the period. Captrust Financial Advisors’ holdings in BOX were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in BOX by 715.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after buying an additional 1,897 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of BOX by 42.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after purchasing an additional 653 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of BOX by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after purchasing an additional 417 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of BOX during the 4th quarter worth approximately $132,000. Finally, Plato Investment Management Ltd acquired a new position in shares of BOX during the 4th quarter worth approximately $134,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $31.95, for a total transaction of $415,350.00. Following the transaction, the chief financial officer now directly owns 1,440,684 shares of the company’s stock, valued at $46,029,853.80. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.08, for a total value of $320,800.00. Following the transaction, the chief executive officer now directly owns 2,979,780 shares in the company, valued at approximately $95,591,342.40. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 66,377 shares of company stock worth $2,060,714. 3.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BOX shares. JPMorgan Chase & Co. lowered their target price on BOX from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Morgan Stanley decreased their price objective on BOX from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. DA Davidson decreased their price objective on BOX from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Raymond James reiterated an “outperform” rating and issued a $38.00 price objective (down from $40.00) on shares of BOX in a report on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.44.

BOX Price Performance

Shares of NYSE:BOX opened at $31.98 on Wednesday. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $35.74. The company has a 50 day moving average of $30.74 and a two-hundred day moving average of $32.18. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

BOX declared that its board has authorized a share buyback plan on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

BOX Profile

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.