Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stock Position in Box, Inc. (NYSE:BOX)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Box, Inc. (NYSE:BOX) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,661 shares of the software maker’s stock after purchasing an additional 841 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in BOX were worth $247,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. RGM Capital LLC grew its position in BOX by 6.9% in the 3rd quarter. RGM Capital LLC now owns 5,449,887 shares of the software maker’s stock valued at $131,942,000 after buying an additional 349,976 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of BOX by 14.7% in the third quarter. Schroder Investment Management Group now owns 1,851,117 shares of the software maker’s stock valued at $44,816,000 after acquiring an additional 236,902 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of BOX by 144.5% during the third quarter. Envestnet Asset Management Inc. now owns 338,635 shares of the software maker’s stock worth $8,198,000 after acquiring an additional 200,119 shares during the period. CenterBook Partners LP raised its holdings in BOX by 102.9% during the third quarter. CenterBook Partners LP now owns 288,995 shares of the software maker’s stock worth $6,997,000 after purchasing an additional 146,580 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in BOX by 406.6% in the third quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock valued at $3,744,000 after purchasing an additional 123,858 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Stock Down 1.1 %

Shares of NYSE:BOX opened at $26.98 on Friday. The company has a market capitalization of $3.89 billion, a P/E ratio of 40.27, a P/E/G ratio of 9.25 and a beta of 0.84. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $31.94. The stock’s fifty day simple moving average is $27.53 and its 200-day simple moving average is $26.26.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $262.88 million for the quarter, compared to analysts’ expectations of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. On average, sell-side analysts anticipate that Box, Inc. will post 0.15 earnings per share for the current year.

Insider Transactions at BOX

In related news, Director Daniel J. Levin sold 73,660 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the transaction, the director now directly owns 43,940 shares in the company, valued at $1,247,896. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $2,091,944.00. Following the transaction, the director now owns 43,940 shares in the company, valued at approximately $1,247,896. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold 133,660 shares of company stock worth $3,792,204 over the last quarter. 4.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BOX shares. TheStreet raised BOX from a “c” rating to a “b” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. increased their price objective on BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, March 20th. Citigroup increased their price target on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, UBS Group increased their target price on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, BOX presently has an average rating of “Moderate Buy” and an average target price of $30.89.

BOX 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.