Wedge Capital Management L L P NC Sells 1,004 Shares of Box, Inc. (NYSE:BOX)

Wedge Capital Management L L P NC lessened its position in shares of Box, Inc. (NYSE:BOX) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,512 shares of the software maker’s stock after selling 1,004 shares during the period. Wedge Capital Management L L P NC’s holdings in BOX were worth $1,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in BOX by 9.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,661 shares of the software maker’s stock worth $247,000 after buying an additional 841 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in BOX by 78.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 83,018 shares of the software maker’s stock valued at $2,126,000 after purchasing an additional 36,590 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BOX by 8.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,011 shares of the software maker’s stock valued at $794,000 after purchasing an additional 2,330 shares in the last quarter. Mackenzie Financial Corp increased its stake in BOX by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 352,422 shares of the software maker’s stock valued at $9,026,000 after purchasing an additional 15,170 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. increased its stake in BOX by 2.1% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock valued at $466,000 after purchasing an additional 376 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, March 20th. UBS Group boosted their target price 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. Citigroup boosted their target price 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. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.89.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total transaction of $354,900.00. Following the sale, the chief financial officer now owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $27.30, for a total value of $354,900.00. Following the transaction, the chief financial officer now owns 1,578,912 shares of the company’s stock, valued at approximately $43,104,297.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Levin sold 73,660 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the completion of the transaction, the director now directly owns 43,940 shares in the company, valued at approximately $1,247,896. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,660 shares of company stock valued at $3,792,204. Company insiders own 4.90% of the company’s stock.

BOX Stock Down 1.1 %

BOX opened at $26.98 on Friday. The company’s 50-day moving average price is $27.53 and its two-hundred day moving average price is $26.26. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 9.25 and a beta of 0.84. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $31.94.

BOX (NYSE:BOX) last posted its earnings results 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 business had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. As a group, sell-side analysts anticipate that Box, Inc. will post 0.15 earnings per share for the current year.

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.