Diversified Trust Co Trims Stock Position in Box, Inc. (NYSE:BOX)

Diversified Trust Co lessened its holdings in Box, Inc. (NYSE:BOX) by 39.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,212 shares of the software maker’s stock after selling 17,079 shares during the period. Diversified Trust Co’s holdings in BOX were worth $742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cornercap Investment Counsel Inc. boosted its stake in shares of BOX by 2.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock worth $466,000 after acquiring an additional 376 shares during the last quarter. Dana Investment Advisors Inc. lifted its position in BOX by 0.9% during the third quarter. Dana Investment Advisors Inc. now owns 57,348 shares of the software maker’s stock valued at $1,388,000 after purchasing an additional 531 shares in the last quarter. Renaissance Group LLC grew its holdings in BOX by 1.0% during the fourth quarter. Renaissance Group LLC now owns 70,731 shares of the software maker’s stock valued at $1,812,000 after purchasing an additional 671 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in BOX by 14.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock worth $154,000 after buying an additional 782 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of BOX by 9.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,661 shares of the software maker’s stock worth $247,000 after buying an additional 841 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BOX. UBS Group cut their price objective on BOX from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, May 29th. Oppenheimer restated an “outperform” rating and set a $35.00 price objective on shares of BOX in a research report on Wednesday, May 29th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, May 29th. TheStreet upgraded BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a research report on Wednesday, March 20th. 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 given a strong buy rating to the company. According to data from MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and an average target price of $30.33.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the sale, the chief financial officer now directly owns 1,578,912 shares in the company, valued at $43,104,297.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Eli Berkovitch sold 3,300 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were 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 in the company, valued at approximately $3,946,434.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the sale, the chief financial officer now directly owns 1,578,912 shares in the company, valued at $43,104,297.60. The disclosure for this sale can be found here. In the last quarter, 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 $26.42 on Wednesday. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 7.60 and a beta of 0.86. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94. The stock’s 50 day simple moving average is $26.38 and its two-hundred day simple moving average is $26.65.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share 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 firm had revenue of $264.66 million during the quarter, compared to analyst estimates of $261.65 million. As a group, analysts anticipate that Box, Inc. will post 0.17 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.