Segall Bryant & Hamill LLC Has $12.56 Million Holdings in Box, Inc. (NYSE:BOX)

Segall Bryant & Hamill LLC trimmed its position in shares of Box, Inc. (NYSE:BOX) by 3.9% during the third quarter, Holdings Channel.com reports. The firm owned 383,874 shares of the software maker’s stock after selling 15,734 shares during the period. Segall Bryant & Hamill LLC’s holdings in BOX were worth $12,564,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BOX. Vanguard Group Inc. increased its stake in BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares in the last quarter. Earnest Partners LLC increased its position in shares of BOX by 8.5% during the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after acquiring an additional 620,450 shares in the last quarter. Sei Investments Co. raised its holdings in shares of BOX by 4.2% in the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock worth $81,405,000 after acquiring an additional 125,435 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after acquiring an additional 229,314 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in BOX by 19.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after purchasing an additional 386,149 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BOX. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Morgan Stanley raised their price objective on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Citigroup upped their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. UBS Group raised their price target on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Up 0.1 %

BOX stock opened at $33.18 on Thursday. The firm has a 50 day moving average price of $32.74 and a 200-day moving average price of $29.30. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.07. The company has a market capitalization of $4.75 billion, a P/E ratio of 42.00 and a beta of 0.85.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. BOX’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. Equities analysts expect that Box, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is owned by insiders.

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.