CWA Asset Management Group LLC Purchases New Holdings in Box, Inc. (NYSE:BOX)

CWA Asset Management Group LLC acquired a new position in shares of Box, Inc. (NYSE:BOX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,859 shares of the software maker’s stock, valued at approximately $486,000.

Several other hedge funds also recently modified their holdings of BOX. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in BOX by 3.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after buying an additional 560 shares during the period. Connable Office Inc. raised its holdings in BOX by 3.8% during the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after buying an additional 573 shares during the period. Creative Planning lifted its position in BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after acquiring an additional 631 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the period. Finally, Diversified Trust Co boosted its position in BOX by 2.9% during the 2nd quarter. Diversified Trust Co now owns 26,980 shares of the software maker’s stock worth $713,000 after acquiring an additional 768 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at BOX

In other news, Director Jack R. Lazar sold 7,000 shares of BOX stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.68, for a total value of $228,760.00. Following the completion of the sale, the director now owns 29,197 shares in the company, valued at $954,157.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Aaron Levie sold 10,000 shares of the business’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 value of $329,200.00. Following the transaction, the chief executive officer now owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack R. Lazar sold 7,000 shares of BOX stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the sale, the director now owns 29,197 shares in the company, valued at $954,157.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,000 shares of company stock valued at $1,408,290. Corporate insiders own 4.10% of the company’s stock.

BOX Price Performance

NYSE:BOX opened at $34.48 on Tuesday. The firm’s 50 day simple moving average is $32.57 and its 200 day simple moving average is $28.95. The company has a market cap of $4.94 billion, a PE ratio of 43.65 and a beta of 0.85. Box, Inc. has a one year low of $23.29 and a one year high of $34.63.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned $0.01 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that Box, Inc. will post 0.23 EPS for the current year.

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.