Aspiriant LLC Sells 448 Shares of Box, Inc. (NYSE:BOX)

Aspiriant LLC decreased its position in shares of Box, Inc. (NYSE:BOX) by 5.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,600 shares of the software maker’s stock after selling 448 shares during the quarter. Aspiriant LLC’s holdings in BOX were worth $265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Earnest Partners LLC grew its stake in shares of BOX by 2.1% during the 4th quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker’s stock worth $249,543,000 after acquiring an additional 162,437 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in BOX by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker’s stock worth $107,009,000 after purchasing an additional 1,725,197 shares during the period. Sei Investments Co. boosted its stake in BOX by 8.4% in the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker’s stock worth $103,857,000 after purchasing an additional 255,623 shares during the period. Dimensional Fund Advisors LP boosted its stake in BOX by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker’s stock worth $82,492,000 after purchasing an additional 11,376 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in BOX by 11.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,205,926 shares of the software maker’s stock worth $69,707,000 after purchasing an additional 233,100 shares during the period. Institutional investors own 86.74% of the company’s stock.

BOX Stock Down 2.3%

NYSE:BOX opened at $35.01 on Thursday. The business’s 50-day moving average price is $32.85 and its two-hundred day moving average price is $32.40. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $38.80. The stock has a market cap of $5.03 billion, a P/E ratio of 27.14 and a beta of 0.94.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $276.27 million for the quarter, compared to analysts’ expectations of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. On average, equities research analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

BOX declared that its Board of Directors has approved a share buyback program on Tuesday, March 4th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the software maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BOX shares. UBS Group upgraded BOX from a “buy” rating to a “strong-buy” rating and raised their target price for the stock from $37.00 to $40.00 in a research note on Wednesday, May 28th. Raymond James Financial restated an “outperform” rating and issued a $42.00 target price (up previously from $38.00) on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. raised their target price on BOX from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 28th. Royal Bank Of Canada raised their target price on BOX from $21.00 to $24.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 28th. Finally, Wall Street Zen upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $37.23, for a total value of $483,990.00. Following the completion of the sale, the chief financial officer now owns 1,507,550 shares in the company, valued at $56,126,086.50. The trade was a 0.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Eli Berkovitch sold 5,651 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $30.66, for a total value of $173,259.66. Following the completion of the sale, the vice president now owns 124,672 shares of the company’s stock, valued at $3,822,443.52. The trade was a 4.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,129 shares of company stock worth $3,459,346 in the last quarter. 3.90% of the stock is owned by insiders.

BOX Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.