Russell Investments Group Ltd. Has $12.62 Million Position in Box, Inc. (NYSE:BOX)

Russell Investments Group Ltd. boosted its stake in Box, Inc. (NYSE:BOX - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 492,333 shares of the software maker's stock after buying an additional 45,971 shares during the period. Russell Investments Group Ltd. owned 0.34% of BOX worth $12,619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. lifted its stake in shares of BOX by 2.1% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker's stock worth $466,000 after acquiring an additional 376 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of BOX by 1.3% during the 3rd 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 period. Dana Investment Advisors Inc. raised its stake in shares of BOX by 0.9% in the 3rd quarter. Dana Investment Advisors Inc. now owns 57,348 shares of the software maker's stock worth $1,388,000 after buying an additional 531 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of BOX by 8.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,737 shares of the software maker's stock valued at $212,000 after buying an additional 682 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of BOX by 1.7% in the third quarter. Arizona State Retirement System now owns 41,237 shares of the software maker's stock valued at $998,000 after buying an additional 706 shares during the period. Institutional investors own 86.74% of the company's stock.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the completion of the sale, the chief financial officer now directly owns 1,578,912 shares in the company, valued at approximately $43,104,297.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Monday, March 11th. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the transaction, the chief financial officer now directly owns 1,578,912 shares in the company, valued at $43,104,297.60. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock worth $3,792,204 over the last 90 days. 4.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BOX shares. Citigroup boosted their price target on shares of BOX from $29.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Royal Bank of Canada restated an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 20th. TheStreet raised BOX from a "c" rating to a "b" rating in a report on Tuesday, March 5th. UBS Group raised their price objective on BOX from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Finally, StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.89.

BOX Stock Performance

Shares of BOX stock traded down $0.07 during trading on Friday, hitting $26.14. 1,100,320 shares of the company were exchanged, compared to its average volume of 1,475,170. The business's 50-day simple moving average is $27.63 and its 200 day simple moving average is $26.31. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 39.01, a P/E/G ratio of 8.86 and a beta of 0.85.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results 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. 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 during the quarter, compared to analyst estimates of $262.92 million. On average, equities analysts forecast that Box, Inc. will post 0.15 earnings per share for the current fiscal year.

BOX 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.