Central Pacific Bank Trust Division Purchases Shares of 6,100 Box, Inc. (NYSE:BOX)

Central Pacific Bank Trust Division acquired a new position in shares of Box, Inc. (NYSE:BOX) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,100 shares of the software maker’s stock, valued at approximately $174,000.

Several other large investors have also made changes to their positions in the company. TFO Wealth Partners LLC increased its stake in BOX by 62,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after acquiring an additional 1,860 shares during the last quarter. a16z Perennial Management L.P. acquired a new stake in BOX during the 4th quarter worth approximately $48,000. Neo Ivy Capital Management acquired a new stake in BOX during the 4th quarter worth approximately $156,000. Blue Trust Inc. lifted its position in BOX by 17.0% during the fourth quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock valued at $149,000 after buying an additional 897 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in BOX by 14.4% during 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 during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOX has been the topic of several recent research reports. Oppenheimer restated an “outperform” rating and set a $35.00 target price on shares of BOX in a report on Wednesday, May 29th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. UBS Group reduced their price target on BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday, May 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $32.00 target price on shares of BOX in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.33.

BOX Trading Down 1.1 %

BOX stock traded down $0.27 during mid-day trading on Wednesday, hitting $24.92. 102,704 shares of the company were exchanged, compared to its average volume of 2,004,728. The firm has a fifty day simple moving average of $26.29 and a 200 day simple moving average of $26.65. The company has a market capitalization of $3.60 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 7.35 and a beta of 0.86. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. The business had revenue of $264.66 million during the quarter, compared to the consensus estimate of $261.65 million. As a group, sell-side analysts anticipate that Box, Inc. will post 0.17 earnings per share for the current year.

Insider Activity

In related news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $26.26, for a total transaction of $262,600.00. Following the transaction, the chief executive officer now directly owns 3,019,155 shares in the company, valued at $79,283,010.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total transaction of $262,600.00. Following the sale, the chief executive officer now owns 3,019,155 shares in the company, valued at $79,283,010.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $26.38, for a total transaction of $342,940.00. Following the completion of the transaction, the chief financial officer now directly owns 1,552,912 shares in the company, valued at approximately $40,965,818.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,060 shares of company stock worth $1,156,095. 4.10% of the stock is currently owned by insiders.

BOX Company 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.