Peloton Wealth Strategists Cuts Stake in Box, Inc. (NYSE:BOX)

Peloton Wealth Strategists trimmed its position in shares of Box, Inc. (NYSE:BOXGet Rating) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 211,370 shares of the software maker’s stock after selling 9,690 shares during the quarter. BOX comprises about 2.2% of Peloton Wealth Strategists’ holdings, making the stock its 15th biggest holding. Peloton Wealth Strategists owned 0.14% of BOX worth $5,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its position in BOX by 2.1% in the third quarter. Advisor Group Holdings Inc. now owns 20,989 shares of the software maker’s stock worth $496,000 after buying an additional 430 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of BOX by 1.6% in the third quarter. Royal Bank of Canada now owns 27,357 shares of the software maker’s stock valued at $648,000 after acquiring an additional 443 shares in the last quarter. Garde Capital Inc. grew its stake in BOX by 3.3% in the third quarter. Garde Capital Inc. now owns 20,047 shares of the software maker’s stock valued at $475,000 after purchasing an additional 634 shares during the last quarter. Lazard Asset Management LLC grew its stake in BOX by 20.9% in the fourth quarter. Lazard Asset Management LLC now owns 4,038 shares of the software maker’s stock valued at $105,000 after purchasing an additional 698 shares during the last quarter. Finally, Signaturefd LLC grew its stake in BOX by 474.1% in the fourth quarter. Signaturefd LLC now owns 1,062 shares of the software maker’s stock valued at $28,000 after purchasing an additional 877 shares during the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.

NYSE:BOX traded up $0.94 during trading hours on Friday, reaching $28.67. The company had a trading volume of 2,278,300 shares, compared to its average volume of 1,793,506. Box, Inc. has a 1-year low of $22.18 and a 1-year high of $33.04. The firm has a market cap of $4.11 billion, a PE ratio of -81.91 and a beta of 1.15. The business’s 50 day moving average price is $29.09 and its 200-day moving average price is $26.96.

BOX (NYSE:BOXGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $233.36 million during the quarter, compared to analyst estimates of $228.60 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that Box, Inc. will post -0.11 earnings per share for the current year.

BOX has been the topic of a number of research analyst reports. KeyCorp boosted their price target on BOX from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, March 3rd. Craig Hallum boosted their price target on BOX from $38.00 to $44.00 in a research note on Thursday, March 3rd. Morgan Stanley lifted their target price on BOX from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, March 3rd. StockNews.com began coverage on BOX in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $30.00 target price on shares of BOX in a report on Friday, March 18th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $31.40.

In other news, VP Eli Berkovitch sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $28.36, for a total transaction of $226,880.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $29.05, for a total value of $435,750.00. Following the transaction, the chief financial officer now directly owns 1,462,315 shares of the company’s stock, valued at $42,480,250.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,000 shares of company stock valued at $1,091,930. Corporate insiders own 6.20% of the company’s stock.

About BOX (Get Rating)

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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

See Also

Institutional Ownership by Quarter for BOX (NYSE:BOX)

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