Box, Inc. (NYSE:BOX) Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 801,576 shares of the software maker's stock after buying an additional 22,526 shares during the quarter. Principal Financial Group Inc. owned approximately 0.56% of BOX worth $24,737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Trail Advisors LLC grew its position in shares of BOX by 3.4% during the first quarter. Summit Trail Advisors LLC now owns 27,504 shares of the software maker's stock worth $849,000 after buying an additional 908 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of BOX by 11.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,281 shares of the software maker's stock worth $595,000 after buying an additional 1,941 shares in the last quarter. Peregrine Capital Management LLC grew its position in shares of BOX by 3.4% during the first quarter. Peregrine Capital Management LLC now owns 536,707 shares of the software maker's stock worth $16,563,000 after buying an additional 17,697 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new position in shares of BOX during the first quarter worth about $31,000. Finally, Blue Trust Inc. boosted its holdings in BOX by 88.3% in the first quarter. Blue Trust Inc. now owns 26,291 shares of the software maker's stock valued at $811,000 after purchasing an additional 12,330 shares in the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BOX

In other news, Director Bethany Mayer sold 5,123 shares of the firm's 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 transaction, the director directly owned 15,284 shares of the company's stock, valued at approximately $520,573.04. This trade represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $31.52, for a total value of $409,760.00. Following the transaction, the chief financial officer directly owned 1,520,550 shares in the company, valued at $47,927,736. This trade represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 91,017 shares of company stock valued at $3,213,471. 3.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Raymond James Financial reiterated an "outperform" rating and issued a $42.00 price target (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th. Morgan Stanley reissued a "positive" rating on shares of BOX in a report on Wednesday, May 28th. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Royal Bank Of Canada raised their target price on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, May 28th. Finally, UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and lifted their price target for the stock 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, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BOX presently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

BOX Stock Down 2.5%

Shares of BOX traded down $0.82 during trading on Friday, reaching $32.39. The company's stock had a trading volume of 2,146,158 shares, compared to its average volume of 1,962,352. The company has a fifty day moving average of $33.97 and a two-hundred day moving average of $32.54. Box, Inc. has a twelve month low of $25.25 and a twelve month high of $38.80. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 25.11 and a beta of 0.90.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The firm 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%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. As a group, equities analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

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.