Box, Inc. (NYSE:BOX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in Box, Inc. (NYSE:BOX - Free Report) by 96.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 663,415 shares of the software maker's stock after selling 16,379,913 shares during the quarter. Nuveen Asset Management LLC owned about 0.46% of BOX worth $20,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Quantitative Investments LLC purchased a new position in BOX in the fourth quarter worth $1,418,000. Bryce Point Capital LLC acquired a new stake in shares of BOX during the fourth quarter worth $1,620,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of BOX during the fourth quarter worth $5,997,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of BOX during the fourth quarter worth $981,000. Finally, Sei Investments Co. lifted its stake in shares of 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 period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $31.95, for a total value of $415,350.00. Following the transaction, the chief financial officer now owns 1,440,684 shares in the company, valued at $46,029,853.80. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.08, for a total value of $320,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,979,780 shares in the company, valued at $95,591,342.40. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,377 shares of company stock worth $2,060,714. Insiders own 3.90% of the company's stock.

BOX Stock Performance

Shares of NYSE:BOX traded down $0.11 during midday trading on Thursday, reaching $36.76. 2,819,396 shares of the company's stock traded hands, compared to its average volume of 1,788,740. The company has a fifty day simple moving average of $30.92 and a two-hundred day simple moving average of $32.14. Box, Inc. has a 1 year low of $24.63 and a 1 year high of $37.66. The company has a market cap of $5.29 billion, a P/E ratio of 45.93, a PEG ratio of 4.42 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, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $276.27 million for the quarter, compared to the consensus estimate of $274.77 million. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The company's revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, research analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on BOX shares. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and lifted their price objective for the stock from $37.00 to $40.00 in a research note on Wednesday. Raymond James reiterated an "outperform" rating and set a $42.00 price objective (up from $38.00) on shares of BOX in a research note on Wednesday. DA Davidson lifted their price objective on shares of BOX from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 14th. Finally, Royal Bank of Canada lifted their price objective on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $38.11.

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.