Deutsche Bank AG Has $64.20 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Key Points

• Deutsche Bank AG reduced its stake in Box, Inc. by 19.8%, selling 514,663 shares during the first quarter, now holding 2,080,436 shares valued at approximately $64.2 million.
• Box, Inc. reported earnings of $0.30 per share for the latest quarter, surpassing the consensus estimate and showing a 4.4% year-over-year revenue growth.
• Wall Street analysts have a consensus rating of "Moderate Buy" on BOX shares, with a target price averaging $38.50, reflecting a mix of optimism and caution from various research firms.

Deutsche Bank AG lowered its holdings in Box, Inc. (NYSE:BOX - Free Report) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,080,436 shares of the software maker's stock after selling 514,663 shares during the quarter. Deutsche Bank AG owned about 1.45% of BOX worth $64,202,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Earnest Partners LLC boosted its stake in BOX by 2.1% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP raised its position in 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. Congress Asset Management Co. raised its position in BOX by 11.2% in the 1st quarter. Congress Asset Management Co. now owns 1,846,069 shares of the software maker's stock valued at $56,970,000 after buying an additional 186,423 shares during the last quarter. Northern Trust Corp raised its position in BOX by 7.4% in the 4th quarter. Northern Trust Corp now owns 1,657,127 shares of the software maker's stock valued at $52,365,000 after buying an additional 113,822 shares during the last quarter. Finally, First Trust Advisors LP raised its position in BOX by 18.2% in the 4th quarter. First Trust Advisors LP now owns 1,366,007 shares of the software maker's stock valued at $43,166,000 after buying an additional 210,002 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $33.35, for a total transaction of $500,250.00. Following the completion of the sale, the chief executive officer owned 2,952,030 shares of the company's stock, valued at approximately $98,450,200.50. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $32.00, for a total transaction of $64,416.00. Following the sale, the chief operating officer directly owned 530,060 shares of the company's stock, valued at approximately $16,961,920. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,504 shares of company stock worth $3,363,371 in the last 90 days. Corporate insiders own 3.90% of the company's stock.

BOX Price Performance

BOX stock traded down $0.63 during trading hours on Thursday, hitting $31.06. The company had a trading volume of 1,408,882 shares, compared to its average volume of 1,900,215. The firm has a market cap of $4.47 billion, a PE ratio of 24.07 and a beta of 0.96. Box, Inc. has a one year low of $27.86 and a one year high of $38.80. The firm has a 50-day moving average of $33.57 and a 200 day moving average of $32.66.

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 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 firm had revenue of $276.27 million for the quarter, compared to analyst estimates of $274.77 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business's revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. DA Davidson set a $45.00 target price on BOX and gave the company a "buy" rating in a research report on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and issued a $42.00 price objective (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. JPMorgan Chase & Co. raised their price objective on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and raised their price objective for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. Finally, Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, BOX has a consensus rating of "Moderate Buy" and a consensus price target of $38.50.

About BOX

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.