45,189 Shares in Box, Inc. (NYSE:BOX) Acquired by Cerity Partners LLC

Cerity Partners LLC bought a new position in Box, Inc. (NYSE:BOX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,189 shares of the software maker's stock, valued at approximately $1,395,000.

Other hedge funds also recently made changes to their positions in the company. Narus Financial Partners LLC purchased a new position in shares of BOX in the 1st quarter worth $211,000. Linden Thomas Advisory Services LLC lifted its holdings in shares of BOX by 2.4% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 24,754 shares of the software maker's stock valued at $764,000 after acquiring an additional 572 shares during the last quarter. Beverly Hills Private Wealth LLC grew its position in BOX by 3.2% in the first quarter. Beverly Hills Private Wealth LLC now owns 11,550 shares of the software maker's stock worth $356,000 after acquiring an additional 362 shares in the last quarter. Principal Financial Group Inc. increased its stake in BOX by 2.9% during the first quarter. Principal Financial Group Inc. now owns 801,576 shares of the software maker's stock worth $24,737,000 after acquiring an additional 22,526 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in BOX by 3.4% during the first quarter. Summit Trail Advisors LLC now owns 27,504 shares of the software maker's stock valued at $849,000 after purchasing an additional 908 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Trading Down 0.0%

BOX traded down $0.02 during midday trading on Thursday, hitting $33.01. 322,398 shares of the company traded hands, compared to its average volume of 1,939,596. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 25.59 and a beta of 0.90. The business has a 50 day simple moving average of $34.17 and a two-hundred day simple moving average of $32.59. Box, Inc. has a 52-week low of $25.96 and a 52-week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last announced its 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 company had revenue of $276.27 million for the quarter, compared to analysts' expectations of $274.77 million. During the same quarter in the previous year, the company posted $0.39 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and issued a $42.00 target price (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. Royal Bank Of Canada upped 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. DA Davidson set a $45.00 price objective on shares of BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Finally, UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and boosted their target price for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.50.

Insiders Place Their Bets

In other BOX news, CEO Aaron Levie sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the sale, the chief executive officer owned 2,952,030 shares of the company's stock, valued at $98,450,200.50. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the transaction, the director owned 115,725 shares of the company's stock, valued at approximately $3,877,944.75. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,925 shares of company stock worth $3,817,023. 3.90% of the stock is currently owned by company insiders.

BOX 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.