Cornerstone Capital Inc. Cuts Stock Holdings in Box, Inc. (NYSE:BOX)

Cornerstone Capital Inc. lowered its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,092 shares of the software maker's stock after selling 33,640 shares during the period. Cornerstone Capital Inc. owned approximately 0.25% of BOX worth $9,350,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rhumbline Advisers boosted its stake in BOX by 0.7% during the third quarter. Rhumbline Advisers now owns 205,861 shares of the software maker's stock worth $4,984,000 after acquiring an additional 1,347 shares in the last quarter. Burney Co. boosted its stake in BOX by 19.0% during the third quarter. Burney Co. now owns 296,958 shares of the software maker's stock worth $7,189,000 after acquiring an additional 47,421 shares in the last quarter. Earnest Partners LLC boosted its stake in BOX by 1.2% during the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker's stock worth $148,465,000 after acquiring an additional 70,129 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of BOX by 406.6% in the third quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker's stock worth $3,744,000 after buying an additional 123,858 shares in the last quarter. Finally, CenterBook Partners LP lifted its stake in shares of BOX by 102.9% in the third quarter. CenterBook Partners LP now owns 288,995 shares of the software maker's stock worth $6,997,000 after buying an additional 146,580 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

BOX stock traded down $0.13 during midday trading on Friday, reaching $26.85. 1,105,231 shares of the company traded hands, compared to its average volume of 1,415,171. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 9.10 and a beta of 0.84. The business has a 50 day moving average of $27.54 and a two-hundred day moving average of $26.28. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of BOX from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Citigroup upped their target price on shares of BOX from $29.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. TheStreet upgraded shares of BOX from a "c" rating to a "b" rating in a research note on Tuesday, March 5th. StockNews.com upgraded shares of BOX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their target price 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.89.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $27.47, for a total transaction of $357,110.00. Following the completion of the sale, the chief financial officer now directly owns 1,408,702 shares of the company's stock, valued at $38,697,043.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $27.47, for a total transaction of $357,110.00. Following the completion of the sale, the chief financial officer now directly owns 1,408,702 shares of the company's stock, valued at $38,697,043.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the sale, the chief executive officer now directly owns 3,048,653 shares of the company's stock, valued at $89,843,803.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,660 shares of company stock valued at $3,792,204. Insiders own 4.90% of the company's stock.

About BOX

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.