Segall Bryant & Hamill LLC Sells 10,421 Shares of Box, Inc. (NYSE:BOX)

Segall Bryant & Hamill LLC reduced its position in shares of Box, Inc. (NYSE:BOX - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,352 shares of the software maker's stock after selling 10,421 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.26% of BOX worth $11,367,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its position in BOX by 103.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after buying an additional 1,725,197 shares during the period. Norges Bank acquired a new stake in shares of BOX in the fourth quarter valued at approximately $29,973,000. Wells Fargo & Company MN grew its position in shares of BOX by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock valued at $51,623,000 after purchasing an additional 304,755 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of BOX by 219.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 420,907 shares of the software maker's stock valued at $13,301,000 after purchasing an additional 289,112 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of BOX by 126.0% in the fourth quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock valued at $15,399,000 after purchasing an additional 271,745 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BOX. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. JPMorgan Chase & Co. raised their target price on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada raised their target price on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research note on Wednesday, May 28th. Morgan Stanley reissued a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Finally, UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and raised their price target for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, BOX presently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

BOX Stock Down 0.2%

BOX stock traded down $0.08 during trading hours on Friday, hitting $32.41. The company's stock had a trading volume of 1,004,692 shares, compared to its average volume of 1,975,290. The company has a market capitalization of $4.66 billion, a PE ratio of 25.12 and a beta of 0.90. Box, Inc. has a 12 month low of $25.96 and a 12 month high of $38.80. The stock has a 50 day moving average price of $34.12 and a two-hundred day moving average price of $32.57.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share 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 business had revenue of $276.27 million during the quarter, compared to analysts' expectations of $274.77 million. During the same period in the previous year, the company earned $0.39 earnings per share. BOX's revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts expect that Box, Inc. will post 0.27 earnings per share for the current year.

Insiders Place Their Bets

In other BOX news, VP Eli Berkovitch sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $33.34, for a total transaction of $100,020.00. Following the sale, the vice president directly owned 133,867 shares in the company, valued at approximately $4,463,125.78. This trade represents a 2.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total transaction of $254,340.90. Following the transaction, the director directly owned 115,725 shares of the company's stock, valued at $3,877,944.75. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,017 shares of company stock worth $3,813,741 in the last quarter. 3.90% of the stock is owned by corporate insiders.

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.