Wealth Enhancement Advisory Services LLC Buys 679 Shares of Box, Inc. (NYSE:BOX)

Wealth Enhancement Advisory Services LLC increased its stake in Box, Inc. (NYSE:BOX) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,127 shares of the software maker’s stock after buying an additional 679 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in BOX were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its position in shares of BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker’s stock worth $69,000 after purchasing an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of BOX by 42.4% during the fourth 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 lifted its position in shares of BOX by 19.3% during the fourth 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. bought a new stake in shares of BOX during the fourth quarter worth $132,000. Finally, Plato Investment Management Ltd bought a new stake in shares of BOX during the fourth quarter worth $134,000. 86.74% of the stock is currently owned by institutional investors.

BOX Price Performance

BOX opened at $35.71 on Tuesday. The business’s 50-day moving average is $32.64 and its two-hundred day moving average is $32.36. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $38.80. The firm has a market capitalization of $5.14 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. BOX had a negative return on equity of 17.20% and a net margin of 13.96%. The company had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that Box, Inc. will post 0.27 EPS for the current year.

BOX announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BOX shares. Raymond James reiterated an “outperform” rating and set a $42.00 target price (up from $38.00) on shares of BOX in a research report on Wednesday, May 28th. Morgan Stanley reiterated a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price target on BOX and gave the company a “buy” rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. raised their price target on BOX from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, May 28th. Finally, Royal Bank of Canada raised their price target on BOX from $21.00 to $24.00 and gave the company an “underperform” rating in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and a consensus price target of $38.50.

Insider Buying and Selling at BOX

In other BOX news, COO Olivia Nottebohm sold 2,105 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $30.76, for a total value of $64,749.80. Following the completion of the sale, the chief operating officer now owns 427,113 shares of the company’s stock, valued at approximately $13,137,995.88. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 5,924 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $37.70, for a total value of $223,334.80. Following the completion of the sale, the vice president now directly owns 138,770 shares of the company’s stock, valued at approximately $5,231,629. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,129 shares of company stock worth $3,459,346 over the last quarter. Insiders own 3.90% of the company’s stock.

About BOX

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.