Box, Inc. (NYSE:BOX) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Box, Inc. (NYSE:BOX) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 897,831 shares of the software maker’s stock after selling 25,206 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.62% of BOX worth $25,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SpiderRock Advisors LLC acquired a new stake in shares of BOX during the first quarter worth about $830,000. Principal Financial Group Inc. increased its position in BOX by 4,889.2% in the 1st quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock valued at $23,031,000 after acquiring an additional 796,934 shares during the period. Yousif Capital Management LLC acquired a new position in BOX in the 1st quarter valued at about $1,838,000. Mesirow Financial Investment Management Inc. acquired a new position in BOX in the 1st quarter valued at about $1,770,000. Finally, New York State Teachers Retirement System acquired a new position in BOX in the 1st quarter valued at about $1,283,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Trading Up 0.2 %

Shares of NYSE:BOX traded up $0.04 during trading on Friday, hitting $26.13. 908,127 shares of the stock were exchanged, compared to its average volume of 1,570,007. The company has a fifty day moving average price of $26.33 and a two-hundred day moving average price of $26.65. The company has a market cap of $3.77 billion, a PE ratio of 35.79, a P/E/G ratio of 7.50 and a beta of 0.86. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $31.94.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $264.66 million for the quarter, compared to analyst estimates of $261.65 million. BOX had a negative return on equity of 11.71% and a net margin of 13.13%. Equities research analysts anticipate that Box, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BOX. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Morgan Stanley dropped their price target on BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. JMP Securities reiterated a “market outperform” rating and set a $32.00 target price on shares of BOX in a research report on Wednesday, March 20th. Oppenheimer reiterated an “outperform” rating and set a $35.00 target price on shares of BOX in a research report on Wednesday, May 29th. Finally, UBS Group dropped their target price on BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.33.

Insider Activity at BOX

In related news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $26.26, for a total value of $262,600.00. Following the sale, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $26.26, for a total value of $262,600.00. Following the sale, the chief executive officer now owns 3,019,155 shares of the company’s stock, valued at approximately $79,283,010.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bethany Mayer sold 4,760 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $26.48, for a total value of $126,044.80. Following the completion of the sale, the director now directly owns 58,731 shares in the company, valued at approximately $1,555,196.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,060 shares of company stock valued at $1,510,995. 4.10% of the stock is owned by corporate insiders.

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.