Box, Inc. (NYSE:BOX) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in shares of Box, Inc. (NYSE:BOX) by 76.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,143 shares of the software maker’s stock after selling 45,207 shares during the period. Raymond James & Associates’ holdings in BOX were worth $362,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. RGM Capital LLC increased its holdings in BOX by 6.9% in the third quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker’s stock valued at $131,942,000 after buying an additional 349,976 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of BOX by 14.7% during the 3rd quarter. Schroder Investment Management Group now owns 1,851,117 shares of the software maker’s stock worth $44,816,000 after purchasing an additional 236,902 shares during the period. Envestnet Asset Management Inc. grew its position in BOX by 144.5% during the third quarter. Envestnet Asset Management Inc. now owns 338,635 shares of the software maker’s stock worth $8,198,000 after buying an additional 200,119 shares during the period. CenterBook Partners LP grew its holdings in shares of BOX by 102.9% in the 3rd quarter. CenterBook Partners LP now owns 288,995 shares of the software maker’s stock worth $6,997,000 after acquiring an additional 146,580 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in BOX by 406.6% in the third quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock valued at $3,744,000 after purchasing an additional 123,858 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $27.47, for a total value of $357,110.00. Following the completion of the transaction, the chief financial officer now directly owns 1,408,702 shares of the company’s stock, valued at approximately $38,697,043.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Daniel J. Levin sold 73,660 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the transaction, the director now directly owns 43,940 shares of the company’s stock, valued at $1,247,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $27.47, for a total transaction of $357,110.00. Following the completion of the sale, the chief financial officer now directly owns 1,408,702 shares of the company’s stock, valued at approximately $38,697,043.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,660 shares of company stock valued at $3,792,204. Insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JMP Securities reiterated a “market outperform” rating and set a $32.00 price target on shares of BOX in a report on Wednesday, March 20th. UBS Group boosted their price objective on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, March 20th. JPMorgan Chase & Co. raised their price target on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.89.

BOX Stock Down 0.5 %

Shares of NYSE:BOX opened at $26.85 on Monday. The firm has a 50-day simple moving average of $27.54 and a 200 day simple moving average of $26.28. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $31.94. The company has a market cap of $3.88 billion, a PE ratio of 40.07, a P/E/G ratio of 9.10 and a beta of 0.84.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. As a group, research analysts forecast that Box, Inc. will post 0.15 EPS for the current fiscal year.

BOX Profile

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.