Box, Inc. (NYSE:BOX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Box, Inc. (NYSE:BOX) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,961,151 shares of the software maker’s stock after selling 147,472 shares during the quarter. Vanguard Group Inc. owned approximately 12.49% of BOX worth $554,281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in BOX by 219.4% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 420,907 shares of the software maker’s stock valued at $13,301,000 after purchasing an additional 289,112 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in BOX by 126.0% in the fourth quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker’s stock worth $15,399,000 after acquiring an additional 271,745 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of BOX in the fourth quarter valued at approximately $8,551,000. Raymond James Financial Inc. acquired a new position in shares of BOX during the fourth quarter valued at approximately $8,405,000. Finally, Edgestream Partners L.P. increased its stake in shares of BOX by 248.8% during the first quarter. Edgestream Partners L.P. now owns 294,887 shares of the software maker’s stock valued at $9,100,000 after acquiring an additional 210,350 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Down 2.0%

Shares of BOX stock opened at $31.06 on Friday. The firm has a fifty day moving average of $33.44 and a 200-day moving average of $32.65. Box, Inc. has a 12-month low of $27.86 and a 12-month high of $38.80. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 24.07 and a beta of 0.96.

BOX (NYSE:BOX) last released its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities analysts expect that Box, Inc. will post 0.27 EPS for the current year.

Insider Transactions at BOX

In other news, VP Eli Berkovitch sold 3,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.34, for a total transaction of $100,020.00. Following the completion of the sale, the vice president owned 133,867 shares in the company, valued at approximately $4,463,125.78. This trade represents a 2.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bethany Mayer sold 5,123 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the sale, the director owned 15,284 shares of the company’s stock, valued at approximately $520,573.04. This represents a 25.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,504 shares of company stock valued at $3,363,371. 3.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on BOX shares. Wall Street Zen lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Sunday, June 29th. UBS Group upgraded shares of BOX from a “buy” rating to a “strong-buy” rating and boosted their price objective for the stock from $37.00 to $40.00 in a report on Wednesday, May 28th. Morgan Stanley reissued a “positive” rating on shares of BOX in a research note on Wednesday, May 28th. Royal Bank Of Canada upped their target price on shares of BOX from $21.00 to $24.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $42.00 target price (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, BOX currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

BOX Company 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.