Linden Thomas Advisory Services LLC Sells 407 Shares of Box, Inc. (NYSE:BOX)

Linden Thomas Advisory Services LLC cut its holdings in shares of Box, Inc. (NYSE:BOX) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,058 shares of the software maker’s stock after selling 407 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in BOX were worth $1,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BOX. Rhumbline Advisers lifted its holdings in shares of BOX by 0.7% in the third quarter. Rhumbline Advisers now owns 205,861 shares of the software maker’s stock worth $4,984,000 after buying an additional 1,347 shares in the last quarter. Burney Co. lifted its holdings in shares of BOX by 19.0% in the third quarter. Burney Co. now owns 296,958 shares of the software maker’s stock worth $7,189,000 after buying an additional 47,421 shares in the last quarter. Earnest Partners LLC raised its stake in BOX by 1.2% in the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock valued at $148,465,000 after purchasing an additional 70,129 shares in the last quarter. Hsbc Holdings PLC lifted its position in BOX by 406.6% during the third quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock valued at $3,744,000 after purchasing an additional 123,858 shares during the last quarter. Finally, CenterBook Partners LP lifted its position in BOX by 102.9% during the third quarter. CenterBook Partners LP now owns 288,995 shares of the software maker’s stock valued at $6,997,000 after purchasing an additional 146,580 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Price Performance

Shares of BOX stock opened at $27.27 on Thursday. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 40.70, a PEG ratio of 9.25 and a beta of 0.84. The firm’s 50-day moving average is $27.52 and its 200 day moving average is $26.25. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $262.88 million for the quarter, compared to analysts’ expectations of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. On average, equities analysts expect that Box, Inc. will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $27.47, for a total value of $357,110.00. Following the completion of the sale, the chief financial officer now directly owns 1,408,702 shares of the company’s stock, valued at approximately $38,697,043.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the sale, the chief executive officer now directly owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,660 shares of company stock worth $3,792,204. Company insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BOX shares. Citigroup lifted their target price on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. TheStreet upgraded shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. UBS Group boosted their price objective on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.89.

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.