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

Blue Trust Inc. increased its position in Box, Inc. (NYSE:BOX - Free Report) by 88.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,291 shares of the software maker's stock after buying 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.

A number of other hedge funds have also recently added to or reduced their stakes in BOX. Quantinno Capital Management LP acquired a new position in shares of BOX during the 4th quarter valued at about $289,000. SG Americas Securities LLC raised its position in shares of BOX by 420.1% in the first quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock valued at $928,000 after purchasing an additional 24,286 shares during the period. Integrated Quantitative Investments LLC acquired a new stake in shares of BOX in the fourth quarter worth $1,418,000. GAMMA Investing LLC boosted its holdings in shares of BOX by 8,676.2% during the 1st quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock worth $4,135,000 after buying an additional 126,152 shares during the period. Finally, Krilogy Financial LLC acquired a new position in BOX in the 1st quarter valued at $387,000. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Stock Performance

Shares of BOX stock traded up $0.14 during mid-day trading on Tuesday, reaching $34.53. The company's stock had a trading volume of 1,849,865 shares, compared to its average volume of 1,935,466. The firm's 50-day moving average is $33.12 and its two-hundred day moving average is $32.42. The company has a market cap of $4.96 billion, a P/E ratio of 26.76 and a beta of 0.94. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $38.80.

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

BOX declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BOX shares. JPMorgan Chase & Co. lifted their price objective on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Wall Street Zen upgraded BOX from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley reissued a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $42.00 target price (up previously from $38.00) on shares of BOX in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada increased their price target on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $38.50.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 2,750 shares of the company's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $29.58, for a total transaction of $81,345.00. Following the sale, the vice president now directly owns 121,922 shares of the company's stock, valued at approximately $3,606,452.76. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Levin sold 37,499 shares of BOX stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $36.74, for a total transaction of $1,377,713.26. Following the completion of the transaction, the director now owns 51,530 shares of the company's stock, valued at $1,893,212.20. This trade represents a 42.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,373 shares of company stock worth $3,221,337 over the last three months. 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.