Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Box, Inc. (NYSE:BOX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Box, Inc. (NYSE:BOX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 58,585 shares of the software maker's stock, valued at approximately $1,808,000.

Several other institutional investors and hedge funds have also made changes to their positions in BOX. Norges Bank acquired a new stake in BOX in the 4th quarter valued at $29,973,000. Wells Fargo & Company MN boosted its position in shares of BOX by 22.9% during the 4th quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock valued at $51,623,000 after acquiring an additional 304,755 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in BOX by 219.4% in the 4th 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 buying an additional 289,112 shares during the period. Janus Henderson Group PLC boosted its holdings in BOX by 126.0% during the 4th quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock valued at $15,399,000 after acquiring an additional 271,745 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in shares of BOX in the fourth quarter valued at $8,551,000. 86.74% of the stock is currently owned by institutional investors.

Insider Transactions at BOX

In other news, CEO Aaron Levie sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the completion of the transaction, the chief executive officer directly 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 filing with the SEC, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $31.52, for a total value of $409,760.00. Following the completion of the transaction, the chief financial officer directly owned 1,520,550 shares of the company's stock, valued at approximately $47,927,736. The trade was a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,925 shares of company stock worth $3,817,023. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BOX shares. Royal Bank Of Canada upped their price target on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and increased their price objective for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. Morgan Stanley reaffirmed a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and issued a $42.00 price objective (up from $38.00) on shares of BOX in a report on Wednesday, May 28th. Finally, DA Davidson set a $45.00 target price on BOX and gave the company a "buy" rating 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.50.

BOX Trading Down 1.5%

NYSE BOX traded down $0.49 on Friday, reaching $31.61. The stock had a trading volume of 1,795,183 shares, compared to its average volume of 1,453,333. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 24.50 and a beta of 0.96. The business has a 50 day moving average price of $34.29 and a 200 day moving average price of $32.66. Box, Inc. has a 1 year low of $25.96 and a 1 year high of $38.80.

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 for the quarter, topping the consensus estimate of $0.25 by $0.05. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The business had revenue of $276.27 million during the quarter, compared to analysts' expectations of $274.77 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The firm's revenue was up 4.4% compared to the same quarter last year. On average, analysts anticipate that Box, Inc. will post 0.27 earnings per share 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.