Box, Inc. (NYSE:BOX) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in shares of Box, Inc. (NYSE:BOX) by 22.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,943 shares of the software maker’s stock after selling 6,792 shares during the period. ProShare Advisors LLC’s holdings in BOX were worth $607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after purchasing an additional 2,249,082 shares during the period. Earnest Partners LLC raised its holdings in shares of BOX by 10.5% during the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after purchasing an additional 699,882 shares during the period. Sei Investments Co. raised its holdings in shares of BOX by 4.2% during the second quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock worth $81,405,000 after purchasing an additional 125,435 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of BOX by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after purchasing an additional 229,314 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of BOX by 19.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock worth $67,248,000 after purchasing an additional 386,149 shares during the period. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Stock Up 1.1 %

Shares of BOX opened at $32.75 on Monday. The firm has a 50-day moving average price of $30.02 and a 200 day moving average price of $27.93. The firm has a market capitalization of $4.73 billion, a PE ratio of 44.86 and a beta of 0.85. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $33.95.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The firm had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. During the same quarter in the prior year, the firm posted $0.01 EPS. BOX’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Box, Inc. will post 0.23 EPS for the current year.

Insider Buying and Selling at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total value of $262,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BOX news, VP Eli Berkovitch sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total transaction of $63,125.00. Following the completion of the sale, the vice president now directly owns 147,232 shares of the company’s stock, valued at $3,717,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total transaction of $262,600.00. Following the sale, the chief executive officer now directly owns 3,019,155 shares of the company’s stock, valued at $79,283,010.30. The disclosure for this sale can be found here. In the last three months, insiders sold 68,500 shares of company stock valued at $1,987,515. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley upped their price target on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.22.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.