Blue Trust Inc. Has $811,000 Stock Position in Box, Inc. (NYSE:BOX)

Blue Trust Inc. boosted its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 88.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,291 shares of the software maker's stock after purchasing an additional 12,330 shares during the period. Blue Trust Inc.'s holdings in BOX were worth $811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Earnest Partners LLC raised its holdings in BOX by 2.1% during the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock worth $249,543,000 after acquiring an additional 162,437 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after purchasing an additional 1,725,197 shares during the last quarter. Sei Investments Co. raised its stake in shares of BOX by 8.4% during the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock worth $103,857,000 after purchasing an additional 255,623 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BOX by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after buying an additional 11,376 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of BOX by 11.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,205,926 shares of the software maker's stock valued at $69,707,000 after buying an additional 233,100 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 price target (up from $38.00) on shares of BOX in a research report on Wednesday, May 28th. JPMorgan Chase & Co. upped their target price on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Royal Bank Of Canada lifted their price target on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. DA Davidson set a $45.00 price objective on BOX and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

BOX Price Performance

NYSE BOX traded down $0.72 on Friday, reaching $34.30. The stock had a trading volume of 3,521,724 shares, compared to its average volume of 1,935,834. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $38.80. The company has a market cap of $4.93 billion, a P/E ratio of 26.59 and a beta of 0.94. The firm has a fifty day moving average of $33.03 and a two-hundred day moving average of $32.41.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The business had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. During the same period last year, the firm earned $0.39 earnings per share. BOX's revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts predict that Box, Inc. will post 0.27 EPS for the current fiscal year.

BOX declared that its board has approved a stock repurchase plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity at BOX

In other BOX news, Director Daniel J. Levin sold 37,499 shares of BOX stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $36.74, for a total value of $1,377,713.26. Following the completion of the transaction, the director now directly owns 51,530 shares of the company's stock, valued at $1,893,212.20. The trade was a 42.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $29.72, for a total value of $386,360.00. Following the sale, the chief financial officer now directly owns 1,463,951 shares in the company, valued at approximately $43,508,623.72. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,129 shares of company stock worth $3,459,346. Company insiders own 3.90% of the company's stock.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.