Vanguard Group Inc. Increases Position in Box, Inc. (NYSE:BOX)

Vanguard Group Inc. raised its position in Box, Inc. (NYSE:BOX) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,064,800 shares of the software maker’s stock after purchasing an additional 159,111 shares during the quarter. Vanguard Group Inc. owned 10.49% of BOX worth $385,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOX. Earnest Partners LLC increased its position in shares of BOX by 1.2% during the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock worth $148,465,000 after acquiring an additional 70,129 shares during the period. Sei Investments Co. increased its position in shares of BOX by 26.1% during the fourth quarter. Sei Investments Co. now owns 2,532,133 shares of the software maker’s stock worth $64,848,000 after acquiring an additional 523,872 shares during the period. Dimensional Fund Advisors LP increased its position in shares of BOX by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock worth $56,523,000 after acquiring an additional 47,220 shares during the period. Sunriver Management LLC increased its position in shares of BOX by 10.4% during the fourth quarter. Sunriver Management LLC now owns 1,920,378 shares of the software maker’s stock worth $49,181,000 after acquiring an additional 181,396 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of BOX by 14.7% during the third quarter. Schroder Investment Management Group now owns 1,851,117 shares of the software maker’s stock worth $44,816,000 after acquiring an additional 236,902 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the transaction, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at $43,104,297.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the transaction, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at $43,104,297.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 3,300 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $25.90, for a total transaction of $85,470.00. Following the transaction, the vice president now directly owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,300 shares of company stock valued at $1,122,350. Insiders own 4.10% of the company’s stock.

BOX Price Performance

NYSE BOX opened at $26.23 on Friday. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94. The company has a market capitalization of $3.79 billion, a PE ratio of 35.93, a P/E/G ratio of 7.31 and a beta of 0.83. The company has a fifty day moving average of $26.42 and a two-hundred day moving average of $26.59.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. The business had revenue of $264.66 million during the quarter, compared to analysts’ expectations of $261.65 million. On average, research analysts expect that Box, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

BOX has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $35.00 price objective on shares of BOX in a research report on Wednesday, May 29th. Morgan Stanley lowered their target price on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 29th. Citigroup boosted their target price on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. boosted their target price on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, UBS Group lowered their target price on shares of BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

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.