Crossmark Global Holdings Inc. Reduces Holdings in Box, Inc. (NYSE:BOX)

Crossmark Global Holdings Inc. decreased its holdings in Box, Inc. (NYSE:BOX – Get Rating) by 2.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,508 shares of the software maker’s stock after selling 497 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in BOX were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOX. Fairfield Bush & CO. purchased a new position in BOX during the first quarter valued at approximately $29,000. Harbor Investment Advisory LLC lifted its holdings in BOX by 61.0% during the second quarter. Harbor Investment Advisory LLC now owns 1,275 shares of the software maker’s stock valued at $32,000 after purchasing an additional 483 shares in the last quarter. Trust Co. of Vermont purchased a new position in BOX during the second quarter valued at approximately $40,000. SeaCrest Wealth Management LLC purchased a new position in BOX during the second quarter valued at approximately $67,000. Finally, Eagle Bay Advisors LLC lifted its holdings in BOX by 118.4% during the second quarter. Eagle Bay Advisors LLC now owns 2,739 shares of the software maker’s stock valued at $69,000 after purchasing an additional 1,485 shares in the last quarter. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Analyst Ratings Changes

BOX has been the topic of several analyst reports. StockNews.com downgraded shares of BOX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 18th. Morgan Stanley lifted their price target on shares of BOX from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, December 19th. Credit Suisse Group initiated coverage on shares of BOX in a research report on Monday, November 21st. They set an “outperform” rating and a $36.00 price objective on the stock. KeyCorp lifted their price objective on shares of BOX from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, January 18th. Finally, JPMorgan Chase & Co. upgraded shares of BOX from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $31.00 to $34.00 in a research report on Monday, December 12th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.00.

Insider Buying and Selling

In other BOX news, Director Dana L. Evan sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $31.32, for a total transaction of $156,600.00. Following the transaction, the director now owns 130,179 shares in the company, valued at $4,077,206.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other BOX news, Director Dana L. Evan sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $31.32, for a total transaction of $156,600.00. Following the transaction, the director now owns 130,179 shares in the company, valued at $4,077,206.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $28.10, for a total transaction of $365,300.00. Following the transaction, the chief financial officer now owns 1,329,082 shares in the company, valued at approximately $37,347,204.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 296,919 shares of company stock worth $8,753,424. Insiders own 5.20% of the company’s stock.

BOX Stock Performance

Shares of BOX opened at $30.99 on Monday. The company’s fifty day moving average is $29.70 and its 200 day moving average is $28.30. Box, Inc. has a fifty-two week low of $22.31 and a fifty-two week high of $33.04. The stock has a market capitalization of $4.43 billion, a PE ratio of -281.73 and a beta of 1.06.

BOX (NYSE:BOX – Get Rating) last announced its quarterly earnings results on Wednesday, November 30th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $249.95 million during the quarter, compared to the consensus estimate of $250.79 million. As a group, research analysts forecast that Box, Inc. will post -0.09 earnings per share for the current year.

BOX Profile

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Box, Inc engages in the provision of enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, box governance, box zones, box relay, box shuttle, box keysafe and automations.