Box, Inc. (NYSE:BOX) Position Increased by Blue Trust Inc.

Blue Trust Inc. grew its position in Box, Inc. (NYSE:BOX) by 14.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,098 shares of the software maker’s stock after buying an additional 1,650 shares during the quarter. Blue Trust Inc.’s holdings in BOX were worth $429,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in BOX in the 1st quarter worth approximately $2,477,000. Assenagon Asset Management S.A. grew its holdings in shares of BOX by 143.6% during the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after buying an additional 150,309 shares in the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of BOX during the first quarter valued at $1,361,000. Vanguard Group Inc. raised its position in BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after buying an additional 2,249,082 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in BOX in the 1st quarter worth about $1,096,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Trading Up 0.4 %

Shares of NYSE:BOX opened at $32.00 on Wednesday. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.95. The firm has a fifty day moving average price of $31.61 and a 200 day moving average price of $28.36. The stock has a market capitalization of $4.62 billion, a PE ratio of 43.84 and a beta of 0.85.

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

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at approximately $47,951,032.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares in the company, valued at approximately $47,951,032.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,000 shares of company stock valued at $1,759,940 over the last 90 days. 4.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. UBS Group increased their target price on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Citigroup boosted their price target on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley increased their price objective on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and an average price target 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.