Box, Inc. (NYSE:BOX) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC decreased its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 502,089 shares of the software maker's stock after selling 84,314 shares during the quarter. Peregrine Capital Management LLC owned about 0.35% of BOX worth $12,858,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in BOX by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,097 shares of the software maker's stock valued at $91,000 after purchasing an additional 343 shares during the period. Captrust Financial Advisors raised its position in BOX by 1.0% during the fourth quarter. Captrust Financial Advisors now owns 38,231 shares of the software maker's stock worth $1,190,000 after acquiring an additional 369 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of BOX by 1.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,510 shares of the software maker's stock valued at $763,000 after purchasing an additional 408 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of BOX by 4.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,823 shares of the software maker's stock valued at $275,000 after purchasing an additional 408 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of BOX by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 57,271 shares of the software maker's stock valued at $1,683,000 after acquiring an additional 474 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BOX. JPMorgan Chase & Co. increased their price objective on shares of BOX from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 6th. UBS Group raised their price objective on shares of BOX from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. TheStreet raised shares of BOX from a "c" rating to a "b" rating in a research report on Tuesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada restated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.89.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the transaction, the chief executive officer now owns 3,048,653 shares of the company's stock, valued at $89,843,803.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Daniel J. Levin sold 73,660 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total value of $2,091,944.00. Following the completion of the sale, the director now owns 43,940 shares in the company, valued at approximately $1,247,896. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the completion of the sale, the chief executive officer now owns 3,048,653 shares of the company's stock, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Insiders sold 133,660 shares of company stock valued at $3,761,134 in the last quarter. 4.90% of the stock is currently owned by corporate insiders.

BOX Stock Up 0.5 %

BOX stock traded up $0.14 during midday trading on Tuesday, reaching $27.93. The stock had a trading volume of 1,247,749 shares, compared to its average volume of 2,339,590. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The firm's 50-day moving average price is $27.47 and its 200 day moving average price is $26.09. The firm has a market capitalization of $4.03 billion, a PE ratio of 41.69, a P/E/G ratio of 9.31 and a beta of 0.84.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. The business had revenue of $262.88 million for the quarter, compared to analysts' expectations of $262.92 million. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. Equities research analysts expect that Box, Inc. will post 0.15 EPS for the current year.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.