Ameritas Investment Partners Inc. Reduces Stock Position in Box, Inc. (NYSE:BOX)

Ameritas Investment Partners Inc. lowered its position in shares of Box, Inc. (NYSE:BOX) 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.

BOX (NYSE:BOX) last announced 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 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. Equities research analysts forecast that Box, Inc. will post 0.19 EPS for the current year.

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.

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.