Box, Inc. (NYSE:BOX) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lessened its holdings in Box, Inc. (NYSE:BOX) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 52,058 shares of the software maker’s stock after selling 407 shares during the period. Linden Thomas Advisory Services LLC’s holdings in BOX were worth $1,333,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of BOX by 0.6% during the third quarter. Vanguard Group Inc. now owns 14,905,689 shares of the software maker’s stock worth $360,867,000 after purchasing an additional 86,830 shares during the period. Earnest Partners LLC lifted its holdings in shares of 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 purchasing an additional 70,129 shares during the period. RGM Capital LLC lifted its holdings in shares of BOX by 6.9% during the third quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker’s stock worth $131,942,000 after purchasing an additional 349,976 shares during the period. Schroder Investment Management Group lifted its holdings in shares of BOX by 14.7% during the third quarter. Schroder Investment Management Group now owns 1,851,117 shares of the software maker’s stock worth $44,816,000 after purchasing an additional 236,902 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of BOX by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,964 shares of the software maker’s stock worth $30,867,000 after purchasing an additional 37,383 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Stock Performance

NYSE BOX opened at $27.27 on Thursday. The stock’s fifty day moving average is $27.52 and its two-hundred day moving average is $26.25. The firm has a market capitalization of $3.94 billion, a P/E ratio of 40.70, a price-to-earnings-growth ratio of 9.25 and a beta of 0.84. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $31.94.

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

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $27.47, for a total value of $357,110.00. Following the transaction, the chief financial officer now owns 1,408,702 shares of the company’s stock, valued at approximately $38,697,043.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other BOX news, CEO Aaron Levie sold 10,000 shares of the company’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 sale, the chief executive officer now owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $27.47, for a total value of $357,110.00. Following the sale, the chief financial officer now owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The disclosure for this sale can be found here. Insiders have sold a total of 133,660 shares of company stock valued at $3,792,204 in the last quarter. Insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

BOX has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price target on BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Citigroup boosted their price target on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. TheStreet raised BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $32.00 price target on shares of BOX in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.89.

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.