Yousif Capital Management LLC Cuts Stake in Box, Inc. (NYSE:BOX)

Yousif Capital Management LLC reduced its stake in shares of Box, Inc. (NYSE:BOX) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,245 shares of the software maker’s stock after selling 1,044 shares during the period. Yousif Capital Management LLC’s holdings in BOX were worth $1,643,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BOX. Allspring Global Investments Holdings LLC raised its holdings in BOX by 182.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,608 shares of the software maker’s stock valued at $1,241,000 after buying an additional 25,587 shares during the period. New York State Teachers Retirement System raised its holdings in BOX by 27.7% in the fourth quarter. New York State Teachers Retirement System now owns 63,528 shares of the software maker’s stock valued at $2,007,000 after buying an additional 13,789 shares during the period. Blue Trust Inc. raised its holdings in BOX by 6.6% in the fourth quarter. Blue Trust Inc. now owns 13,961 shares of the software maker’s stock valued at $441,000 after buying an additional 863 shares during the period. Principal Financial Group Inc. raised its holdings in BOX by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 779,050 shares of the software maker’s stock valued at $24,618,000 after buying an additional 18,912 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in BOX by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker’s stock valued at $1,189,000 after buying an additional 423 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BOX

In other BOX news, COO Olivia Nottebohm sold 2,105 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 427,113 shares in the company, valued at $13,137,995.88. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $37.23, for a total value of $483,990.00. Following the transaction, the chief financial officer now owns 1,507,550 shares of the company’s stock, valued at $56,126,086.50. This represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,129 shares of company stock valued at $3,459,346 over the last 90 days. 3.90% of the stock is owned by company insiders.

BOX Stock Up 0.4%

Shares of NYSE 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. The company has a market cap of $5.14 billion, a P/E ratio of 44.64, a P/E/G ratio of 4.42 and a beta of 0.94. Box, Inc. has a 12 month low of $24.63 and a 12 month high of $38.80.

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

BOX declared that its board has approved a share repurchase program on Tuesday, March 4th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the software maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on BOX shares. JPMorgan Chase & Co. increased their price objective on shares of BOX from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, May 28th. Wall Street Zen raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 14th. DA Davidson set a $45.00 price objective on shares of BOX and gave the company a “buy” rating in a research report on Wednesday, May 28th. Morgan Stanley reaffirmed a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. Finally, UBS Group raised shares of BOX from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and a consensus target price of $38.50.

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.