Cornerstone Capital Inc. Sells 10,140 Shares of Box, Inc. (NYSE:BOX)

Cornerstone Capital Inc. decreased its holdings in shares of Box, Inc. (NYSE:BOX) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,365 shares of the software maker’s stock after selling 10,140 shares during the period. Cornerstone Capital Inc. owned 0.23% of BOX worth $10,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the last quarter. Congress Asset Management Co. bought a new stake in BOX during the 3rd quarter worth approximately $46,236,000. Earnest Partners LLC boosted its position in shares of BOX by 10.5% in the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after purchasing an additional 699,882 shares during the period. Sei Investments Co. raised its position in shares of BOX by 16.6% during the 1st quarter. Sei Investments Co. now owns 2,953,422 shares of the software maker’s stock valued at $83,641,000 after purchasing an additional 421,289 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of BOX by 19.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after buying an additional 386,149 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the sale, 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $27.05, for a total transaction of $351,650.00. Following the transaction, the chief financial officer now directly owns 1,513,661 shares of the company’s stock, valued at approximately $40,944,530.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,000 shares of company stock worth $1,759,940. 4.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BOX has been the topic of several recent analyst reports. Citigroup lifted their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Morgan Stanley boosted their price target on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, UBS Group increased their price objective on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX Stock Down 0.1 %

Shares of BOX traded down $0.02 during mid-day trading on Tuesday, hitting $32.48. 104,531 shares of the company traded hands, compared to its average volume of 1,989,658. The business has a 50 day moving average of $32.30 and a 200 day moving average of $28.67. The company has a market capitalization of $4.65 billion, a PE ratio of 41.14 and a beta of 0.85. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $33.95.

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