Ameritas Investment Partners Inc. lowered its position in shares of Box, Inc. (NYSE:BOX – Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,069 shares of the software maker’s stock after selling 534 shares during the period. Ameritas Investment Partners Inc.’s holdings in BOX were worth $398,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BOX. a16z Perennial Management L.P. purchased a new stake in BOX during the 4th quarter valued at $48,000. TFO Wealth Partners LLC lifted its position 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 worth $48,000 after purchasing an additional 1,860 shares during the period. Covestor Ltd lifted its position in shares of BOX by 27.3% in the 1st quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock worth $122,000 after purchasing an additional 924 shares during the period. Blue Trust Inc. lifted its position 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 worth $149,000 after purchasing an additional 897 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 worth $154,000 after purchasing an additional 782 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.
BOX Stock Performance
Shares of BOX stock traded down $0.36 during trading hours on Wednesday, reaching $26.72. The company had a trading volume of 417,479 shares, compared to its average volume of 1,960,454. The business has a fifty day moving average price of $26.31 and a 200-day moving average price of $26.72. Box, Inc. has a one year low of $23.29 and a one year high of $31.94. The firm has a market cap of $3.86 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 7.32 and a beta of 0.86.
Insider Buying and Selling
In related news, VP Eli Berkovitch sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $25.90, for a total value of $85,470.00. Following the transaction, the vice president now owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $26.38, for a total value of $342,940.00. Following the transaction, the chief financial officer now owns 1,552,912 shares of the company’s stock, valued at $40,965,818.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eli Berkovitch sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $25.90, for a total transaction of $85,470.00. Following the completion of the transaction, the vice president now directly owns 152,372 shares in the company, valued at approximately $3,946,434.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,560 shares of company stock valued at $1,543,830. 4.10% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on BOX shares. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, May 29th. Morgan Stanley decreased their price target 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. Oppenheimer reiterated an “outperform” rating and issued a $35.00 price target on shares of BOX in a research note on Wednesday, May 29th. UBS Group decreased their price target 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. Finally, StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.33.
Read Our Latest Analysis on BOX
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.
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