Duality Advisers LP Sells 20,295 Shares of Box, Inc. (NYSE:BOX)

Duality Advisers LP decreased its position in shares of Box, Inc. (NYSE:BOX) by 44.2% during the 4th quarter, Holdings Channel reports. The fund owned 25,595 shares of the software maker’s stock after selling 20,295 shares during the quarter. Duality Advisers LP’s holdings in BOX were worth $655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BOX. Cornercap Investment Counsel Inc. raised its holdings in BOX by 2.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock worth $466,000 after buying an additional 376 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in 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 worth $763,000 after buying an additional 408 shares during the period. Dana Investment Advisors Inc. raised its holdings in shares of BOX by 0.9% in the third quarter. Dana Investment Advisors Inc. now owns 57,348 shares of the software maker’s stock valued at $1,388,000 after purchasing an additional 531 shares during the last quarter. Ziegler Capital Management LLC raised its holdings in shares of BOX by 3.9% in the third quarter. Ziegler Capital Management LLC now owns 15,340 shares of the software maker’s stock valued at $371,000 after purchasing an additional 582 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised 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 purchasing an additional 682 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Citigroup lifted their price objective on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, BOX has a consensus rating of “Moderate Buy” and a consensus price target of $30.89.

Insiders Place Their Bets

In other BOX news, Director Daniel J. Levin sold 73,660 shares of BOX stock in a transaction on Thursday, March 21st. The shares were 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 of the company’s stock, valued at $1,247,896. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other BOX news, Director Daniel J. Levin sold 73,660 shares of BOX stock in a transaction on Thursday, March 21st. The shares were 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 of the company’s stock, valued at $1,247,896. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the sale, the chief executive officer now directly owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Insiders sold a total of 133,660 shares of company stock valued at $3,792,204 over the last ninety days. 4.90% of the stock is currently owned by company insiders.

BOX Trading Down 0.1 %

NYSE:BOX opened at $27.27 on Thursday. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $31.94. The firm has a fifty day simple moving average of $27.52 and a 200 day simple moving average of $26.25. The stock has a market capitalization of $3.94 billion, a PE ratio of 40.70, a P/E/G ratio of 9.19 and a beta of 0.84.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping 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 firm had revenue of $262.88 million during the quarter, compared to analysts’ expectations of $262.92 million. On average, equities analysts predict that Box, Inc. will post 0.15 earnings per share for the current fiscal year.

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.