Knights of Columbus Asset Advisors LLC Grows Stake in Box, Inc. (NYSE:BOX)

Knights of Columbus Asset Advisors LLC raised its stake in Box, Inc. (NYSE:BOX) by 78.8% during the fourth quarter, HoldingsChannel reports. The fund owned 83,018 shares of the software maker’s stock after buying an additional 36,590 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in BOX were worth $2,126,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BOX. Fairfield Bush & CO. purchased a new stake in shares of BOX in the first quarter worth $29,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of BOX in the first quarter worth $206,000. Natixis Advisors L.P. grew its stake in shares of BOX by 54.5% in the first quarter. Natixis Advisors L.P. now owns 22,540 shares of the software maker’s stock worth $655,000 after acquiring an additional 7,953 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of BOX by 55.3% in the first quarter. MetLife Investment Management LLC now owns 74,326 shares of the software maker’s stock worth $2,160,000 after acquiring an additional 26,459 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BOX by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,091,273 shares of the software maker’s stock worth $31,713,000 after acquiring an additional 170,949 shares during the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Performance

Shares of NYSE:BOX opened at $26.67 on Friday. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 8.97 and a beta of 0.84. The stock’s 50-day simple moving average is $27.48 and its two-hundred day simple moving average is $26.21. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $31.94.

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

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total value of $354,900.00. Following the transaction, the chief financial officer now directly owns 1,578,912 shares of the company’s stock, valued at $43,104,297.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total value of $354,900.00. Following the completion of the transaction, the chief financial officer now directly owns 1,578,912 shares in the company, valued at approximately $43,104,297.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,660 shares of company stock valued at $3,792,204. Insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BOX. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. UBS Group increased their price objective on BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research report on Wednesday, March 20th. TheStreet raised BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Finally, Citigroup increased their price objective on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.89.

About BOX

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.