Cornerstone Capital Inc. Decreases Holdings in Box, Inc. (NYSE:BOX)

Cornerstone Capital Inc. trimmed its holdings in Box, Inc. (NYSE:BOX) by 3.0% in the third quarter, HoldingsChannel.com reports. The firm owned 326,365 shares of the software maker’s stock after selling 10,140 shares during the quarter. Cornerstone Capital Inc.’s holdings in BOX were worth $10,682,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after acquiring an additional 787 shares in the last quarter. Quarry LP raised its position in shares of BOX by 324.6% during the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of BOX in the second quarter valued at $53,000. Farther Finance Advisors LLC increased its position in BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares in the company, valued at $47,951,032.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $32.52, for a total value of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares of the company’s stock, valued at $47,951,032.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,000 shares of company stock worth $1,759,940 in the last quarter. 4.10% of the stock is owned by company insiders.

BOX Stock Down 0.1 %

BOX stock traded down $0.02 during mid-day trading on Tuesday, reaching $32.48. The company had a trading volume of 104,531 shares, compared to its average volume of 1,989,658. Box, Inc. has a one year low of $23.29 and a one year high of $33.95. The stock has a market capitalization of $4.65 billion, a P/E ratio of 41.14 and a beta of 0.85. The stock’s 50-day simple moving average is $32.30 and its two-hundred day simple moving average is $28.67.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. During the same period in the previous year, the firm earned $0.01 EPS. BOX’s revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Box, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on BOX shares. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research note on Friday, August 16th. Citigroup lifted their price target on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Finally, UBS Group increased their price objective on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.22.

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.