Box, Inc. (NYSE:BOX) Holdings Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Box, Inc. (NYSE:BOX) by 7.8% in the 3rd quarter, Holdings Channel reports. The firm owned 21,882 shares of the software maker’s stock after selling 1,845 shares during the quarter. Mutual of America Capital Management LLC’s holdings in BOX were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in BOX by 143.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after buying an additional 150,309 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of BOX during the first quarter worth about $1,096,000. Comerica Bank increased its holdings in shares of BOX by 964.7% in the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock worth $2,409,000 after acquiring an additional 77,090 shares during the period. Bank of Montreal Can lifted its position in BOX by 16.0% in the 2nd quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock valued at $9,514,000 after purchasing an additional 48,633 shares during the last quarter. Finally, Versor Investments LP bought a new stake in BOX in the 3rd quarter valued at about $1,221,000. 86.74% of the stock is owned by institutional investors.

BOX Trading Down 0.4 %

Shares of BOX stock opened at $35.51 on Wednesday. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $35.74. The stock has a market cap of $5.09 billion, a PE ratio of 44.95 and a beta of 0.85. The company’s 50-day moving average price is $32.82 and its two-hundred day moving average price is $29.49.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share. On average, equities analysts predict that Box, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the transaction, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the sale, the director now owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,500 shares of company stock valued at $1,939,895. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BOX shares. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. UBS Group lifted their target price on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley increased their price target on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research note on Friday, August 16th. Finally, Citigroup upped their price objective on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.22.

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.