Box, Inc. $BOX Stock Position Trimmed by First Trust Advisors LP

First Trust Advisors LP trimmed its position in shares of Box, Inc. (NYSE:BOX) by 12.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,198,788 shares of the software maker’s stock after selling 177,928 shares during the period. First Trust Advisors LP owned 0.83% of BOX worth $40,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of BOX by 57.2% during the first quarter. Cetera Investment Advisers now owns 15,516 shares of the software maker’s stock valued at $479,000 after buying an additional 5,644 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in BOX by 24.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,870 shares of the software maker’s stock worth $366,000 after buying an additional 2,352 shares in the last quarter. Townsquare Capital LLC increased its position in BOX by 13.8% in the 1st quarter. Townsquare Capital LLC now owns 105,178 shares of the software maker’s stock valued at $3,246,000 after acquiring an additional 12,766 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in BOX by 177.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,677 shares of the software maker’s stock valued at $2,767,000 after acquiring an additional 57,392 shares in the last quarter. Finally, Covestor Ltd raised its stake in BOX by 29.9% during the 1st quarter. Covestor Ltd now owns 2,142 shares of the software maker’s stock valued at $66,000 after acquiring an additional 493 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Stock Performance

Shares of NYSE:BOX opened at $31.22 on Wednesday. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.48 and a beta of 0.79. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The company has a 50 day moving average price of $31.71 and a 200 day moving average price of $32.75.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 17,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $31.36, for a total transaction of $533,120.00. Following the completion of the sale, the chief financial officer directly owned 1,437,013 shares of the company’s stock, valued at $45,064,727.68. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Olivia Nottebohm sold 4,612 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $31.35, for a total value of $144,586.20. Following the completion of the transaction, the chief operating officer owned 497,639 shares of the company’s stock, valued at $15,600,982.65. This trade represents a 0.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 58,836 shares of company stock valued at $1,899,944. 3.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BOX. UBS Group cut BOX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $36.00 in a research note on Thursday, September 18th. Citigroup increased their target price on shares of BOX from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Royal Bank Of Canada upped their price target on shares of BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of BOX in a report on Thursday, December 4th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.25.

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.