Box, Inc. (NYSE:BOX) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC lifted its position in Box, Inc. (NYSE:BOX - Free Report) by 57.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in BOX. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after purchasing an additional 665 shares during the last quarter. Versant Capital Management Inc boosted its holdings in BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after purchasing an additional 1,636 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after purchasing an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after purchasing an additional 653 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in BOX by 19.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of BOX from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. upped their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and upped their price target for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. DA Davidson set a $45.00 price target on shares of BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Finally, Raymond James Financial reissued an "outperform" rating and set a $42.00 target price (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, one has issued 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.50.

BOX Stock Performance

Shares of BOX traded up $0.04 during mid-day trading on Monday, hitting $34.35. 1,925,582 shares of the company were exchanged, compared to its average volume of 1,935,808. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $38.80. The company has a 50 day moving average of $33.12 and a 200-day moving average of $32.42. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 26.62 and a beta of 0.94.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share 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 the consensus estimate of $274.77 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

BOX announced that its board has approved a share 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 often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other BOX news, COO Olivia Nottebohm sold 1,329 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $37.43, for a total value of $49,744.47. Following the completion of the sale, the chief operating officer now owns 554,682 shares in the company, valued at approximately $20,761,747.26. This represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 2,750 shares of the 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 completion of the sale, the vice president now owns 121,922 shares of the company's stock, valued at approximately $3,606,452.76. The trade was a 2.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,478 shares of company stock worth $3,286,087 in the last 90 days. 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.