Tennessee Valley Asset Management Partners reduced its stake in shares of Box, Inc. (NYSE: BOX – Get Rating) by 8.9% during the 1st quarter, according to the company in its latest 13F filing with the Securities and Exchange. Commission (SEC) . The company held 14,395 shares of the software maker after selling 1,400 shares during the period. Tennessee Valley Asset Management Partners’ holdings in BOX were worth $418,000 when it last filed with the SEC.
Several other hedge funds have also recently changed their positions in the company. Earnest Partners LLC increased its holdings of BOX shares by 245.5% during the 4th quarter. Earnest Partners LLC now owns 6,460,163 shares of the software maker worth $169,192,000 after acquiring an additional 4,590,582 shares during the period. Geode Capital Management LLC increased its stake in BOX shares by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 4,020,758 shares of the software maker worth $105,303,000 after acquiring an additional 434,218 shares during the period. State Street Corp increased its holdings of BOX shares by 3.7% during the 4th quarter. State Street Corp now owns 3,784,938 shares of the software maker worth $99,128,000 after acquiring an additional 134,661 shares during the period. Bank of America Corp DE increased its holdings of BOX shares by 464.4% during the 4th quarter. Bank of America Corp DE now owns 2,284,205 shares of the software maker worth $59,824,000 after acquiring an additional 1,879,495 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in BOX shares by 21.6% during the 4th quarter. Allianz Asset Management GmbH now owns 2,088,072 shares of the software maker worth $54,686,000 after acquiring an additional 370,288 shares during the period. Institutional investors and hedge funds hold 87.42% of the company’s shares.
Several research analysts have recently weighed in on BOX shares. Oppenheimer reiterated an “outperform” rating and set a price target of $30.00 on BOX shares in a Friday, March 18 report. Craig Hallum lowered his target price on BOX shares to $41.00 in a Thursday, May 26 research report. Finally, StockNews.com downgraded BOX shares from a “strong buy” rating to a “buy” rating in a Saturday, June 18 research report. Three investment analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.56.
NYSE:BOX shares opened at $25.79 on Friday. Box, Inc. has a 52-week low of $22.18 and a 52-week high of $33.04. The company has a 50-day moving average of $27.11 and a 200-day moving average of $27.05.
BOX (NYSE:BOX – Get Rating) last released quarterly earnings data on Wednesday, May 25. The software maker reported earnings per share (EPS) of $0.23 for the quarter, missing the consensus estimate of $0.25 per ($0.02). The company posted revenue of $238.40 million for the quarter, versus a consensus estimate of $234.48 million. During the same period last year, the company made earnings per share of $0.07. The company’s quarterly revenue increased by 17.8% compared to the same quarter last year. On average, analysts expect Box, Inc. to post -0.13 EPS for the current fiscal year.
In other BOX news, Chief Financial Officer Dylan C. Smith sold 15,000 shares in a trade that took place on Tuesday, May 10. The shares were sold at an average price of $29.05, for a total value of $435,750.00. Following the completion of the sale, the CFO now owns 1,462,315 shares of the company, valued at $42,480,250.75. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders sold 45,000 shares of the company valued at $1,249,800 in the past ninety days. 5.20% of the shares are held by company insiders.
Profile BOX (Get a rating)
Box, Inc provides a cloud-based content management platform that allows organizations of different sizes to manage and share their content from anywhere on any device. The Company’s Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications and implement implements data protection, security and compliance features to comply with legal and regulatory requirements. , internal policies and industry standards and regulations.
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