Allspring Global Investments Holdings LLC Acquires 13,264 Shares of Box, Inc. (NYSE:BOX)

Allspring Global Investments Holdings LLC boosted its holdings in Box, Inc. (NYSE:BOX) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,583 shares of the software maker’s stock after buying an additional 13,264 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BOX were worth $1,705,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in BOX during the third quarter worth $38,000. Blue Trust Inc. grew its position in BOX by 17.0% in the 4th quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock worth $149,000 after purchasing an additional 897 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of BOX during the 4th quarter worth about $209,000. Jump Financial LLC bought a new position in shares of BOX during the 3rd quarter worth about $210,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of BOX by 8.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,737 shares of the software maker’s stock valued at $212,000 after buying an additional 682 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on BOX shares. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 target price on shares of BOX in a research report on Wednesday, March 20th. UBS Group boosted their price target on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. Finally, Citigroup upped their target price on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.89.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $27.47, for a total transaction of $357,110.00. Following the transaction, the chief financial officer now owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $27.47, for a total value of $357,110.00. Following the completion of the sale, the chief financial officer now owns 1,408,702 shares of the company’s stock, valued at $38,697,043.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the chief executive officer now directly owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,660 shares of company stock worth $3,792,204. Insiders own 4.90% of the company’s stock.

BOX Stock Up 1.6 %

NYSE:BOX opened at $27.11 on Tuesday. The firm has a market cap of $3.91 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 9.04 and a beta of 0.84. The company’s 50-day moving average price is $27.48 and its two-hundred day moving average price is $26.23. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. BOX had a negative return on equity of 9.46% and a net margin of 12.43%. The business had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. On average, research analysts expect that Box, Inc. will post 0.15 EPS 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.