Edgestream Partners L.P. Boosts Holdings in Box, Inc. (NYSE:BOX)

Edgestream Partners L.P. lifted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 248.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 294,887 shares of the software maker's stock after buying an additional 210,350 shares during the period. Edgestream Partners L.P. owned about 0.21% of BOX worth $9,100,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Beverly Hills Private Wealth LLC grew its holdings in shares of BOX by 3.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 11,550 shares of the software maker's stock worth $356,000 after purchasing an additional 362 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after acquiring an additional 417 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of BOX by 2.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,155 shares of the software maker's stock worth $574,000 after purchasing an additional 486 shares during the period. Xponance Inc. grew its stake in shares of BOX by 3.5% in the first quarter. Xponance Inc. now owns 15,029 shares of the software maker's stock worth $464,000 after purchasing an additional 513 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in BOX by 2.4% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 24,754 shares of the software maker's stock worth $764,000 after purchasing an additional 572 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Insider Transactions at BOX

In other news, Director Bethany Mayer sold 5,123 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the completion of the transaction, the director owned 15,284 shares in the company, valued at approximately $520,573.04. This represents a 25.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $31.52, for a total transaction of $409,760.00. Following the completion of the sale, the chief financial officer directly owned 1,520,550 shares in the company, valued at approximately $47,927,736. This trade represents a 0.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,017 shares of company stock valued at $3,213,471. Corporate insiders own 3.90% of the company's stock.

BOX Trading Up 0.4%

NYSE BOX traded up $0.14 during mid-day trading on Monday, hitting $32.54. The company's stock had a trading volume of 2,049,290 shares, compared to its average volume of 1,970,724. Box, Inc. has a twelve month low of $25.96 and a twelve month high of $38.80. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 25.23 and a beta of 0.90. The company's 50 day simple moving average is $34.00 and its 200 day simple moving average is $32.55.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and increased their price target for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. Raymond James Financial reissued 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. Royal Bank Of Canada raised their price target on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Finally, DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.50.

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.