CWA Asset Management Group LLC Has $1.16 Million Position in Box, Inc. (NYSE:BOX)

CWA Asset Management Group LLC boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 57.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 37,524 shares of the software maker's stock after acquiring an additional 13,649 shares during the period. CWA Asset Management Group LLC's holdings in BOX were worth $1,158,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 1,332 shares of BOX stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $29.01, for a total value of $38,641.32. Following the sale, the chief operating officer now owns 492,545 shares of the company's stock, valued at approximately $14,288,730.45. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 2,750 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $29.58, for a total value of $81,345.00. Following the transaction, the vice president now directly owns 121,922 shares of the company's stock, valued at $3,606,452.76. This trade represents a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,129 shares of company stock worth $3,459,346. 3.90% of the stock is owned by insiders.

BOX Trading Down 2.3%

BOX stock opened at $35.01 on Friday. The stock has a 50-day moving average price of $32.95 and a two-hundred day moving average price of $32.40. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $38.80. The stock has a market cap of $5.03 billion, a PE ratio of 27.14 and a beta of 0.94.

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

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BOX. Wall Street Zen raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Raymond James Financial reissued 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. Royal Bank Of Canada boosted 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. JPMorgan Chase & Co. lifted their target price on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Finally, UBS Group raised 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 note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, BOX currently has an average rating of "Moderate Buy" and a consensus target price of $38.50.

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.

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