Mercer Global Advisors Inc. ADV Reduces Stock Position in Box, Inc. (NYSE:BOX)

Mercer Global Advisors Inc. ADV cut its stake in Box, Inc. (NYSE:BOX – Get Rating) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,147 shares of the software maker’s stock after selling 2,067 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in BOX were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BOX. Los Angeles Capital Management LLC acquired a new stake in shares of BOX in the fourth quarter valued at approximately $619,000. Moors & Cabot Inc. acquired a new stake in shares of BOX in the fourth quarter valued at approximately $206,000. Cyndeo Wealth Partners LLC acquired a new stake in shares of BOX in the fourth quarter valued at approximately $2,133,000. Russell Investments Group Ltd. grew its position in shares of BOX by 51.4% in the third quarter. Russell Investments Group Ltd. now owns 617,675 shares of the software maker’s stock valued at $15,082,000 after purchasing an additional 209,752 shares during the last quarter. Finally, Stephens Investment Management Group LLC grew its position in shares of BOX by 27.1% in the third quarter. Stephens Investment Management Group LLC now owns 1,307,391 shares of the software maker’s stock valued at $31,887,000 after purchasing an additional 278,525 shares during the last quarter. 85.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $26.09, for a total value of $339,170.00. Following the transaction, the chief financial officer now owns 1,402,904 shares of the company’s stock, valued at approximately $36,601,765.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Jack R. Lazar sold 5,000 shares of BOX stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $26.95, for a total transaction of $134,750.00. Following the sale, the director now owns 26,555 shares of the company’s stock, valued at approximately $715,657.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Friday, March 10th. The stock was sold at an average price of $26.09, for a total transaction of $339,170.00. Following the sale, the chief financial officer now directly owns 1,402,904 shares in the company, valued at approximately $36,601,765.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,000 shares of company stock valued at $1,173,060. Company insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BOX shares. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price target on shares of BOX in a research report on Thursday, March 16th. Morgan Stanley decreased their target price on shares of BOX from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, March 2nd. Credit Suisse Group restated an “outperform” rating and set a $36.00 target price on shares of BOX in a research report on Thursday, March 2nd. StockNews.com initiated coverage on shares of BOX in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada decreased their target price on shares of BOX from $24.00 to $21.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.20.

BOX Stock Down 1.3 %

NYSE:BOX opened at $27.32 on Wednesday. The firm’s 50 day moving average is $26.58 and its two-hundred day moving average is $29.05. Box, Inc. has a fifty-two week low of $22.31 and a fifty-two week high of $34.98. The company has a market cap of $3.94 billion, a P/E ratio of 546.40, a P/E/G ratio of 13.19 and a beta of 1.01.

BOX (NYSE:BOX – Get Rating) last issued its earnings results on Wednesday, March 1st. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. BOX had a net margin of 2.70% and a negative return on equity of 2.53%. The business had revenue of $256.48 million for the quarter, compared to the consensus estimate of $256.29 million. Research analysts forecast that Box, Inc. will post 0.1 earnings per share for the current fiscal year.

About BOX

(Get Rating)

Box, Inc engages in the provision of an 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, and Box KeySafe.