Scout Investments Inc. Cuts Position in Box, Inc. (NYSE:BOX)

Scout Investments Inc. lessened its holdings in Box, Inc. (NYSE:BOXFree Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,734 shares of the software maker’s stock after selling 5,466 shares during the period. Scout Investments Inc.’s holdings in BOX were worth $8,931,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in shares of BOX in the 3rd quarter valued at about $38,000. TFO Wealth Partners LLC increased its stake in shares of BOX by 62,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after purchasing an additional 1,860 shares in the last quarter. a16z Perennial Management L.P. purchased a new position in shares of BOX in the 4th quarter valued at about $48,000. Blue Trust Inc. increased its stake in shares of BOX by 17.0% in the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock valued at $149,000 after purchasing an additional 897 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of BOX by 14.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock valued at $154,000 after purchasing an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the topic of several research analyst reports. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. UBS Group lowered their price objective on BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Finally, Morgan Stanley lowered their price objective on BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.33.

Get Our Latest Report on BOX

BOX Stock Down 0.9 %

Shares of BOX stock traded down $0.23 on Friday, hitting $26.69. 1,489,354 shares of the company were exchanged, compared to its average volume of 1,878,119. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 7.74 and a beta of 0.83. The company has a 50-day moving average price of $26.81 and a 200 day moving average price of $26.57. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $31.94.

BOX (NYSE:BOXGet Free Report) 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. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. The business had revenue of $262.88 million for the quarter, compared to analysts’ expectations of $262.92 million. Research analysts forecast that Box, Inc. will post 0.17 EPS for the current year.

Insider Activity at BOX

In related news, Director Daniel J. Levin sold 73,660 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total value of $2,091,944.00. Following the transaction, the director now directly owns 43,940 shares in the company, valued at $1,247,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other BOX news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $28.40, for a total value of $2,091,944.00. Following the completion of the sale, the director now directly owns 43,940 shares in the company, valued at approximately $1,247,896. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,660 shares of company stock worth $3,774,134. Insiders own 4.10% of the company’s stock.

About BOX

(Free Report)

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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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