Box, Inc. (NYSE:BOX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Box, Inc. (NYSE:BOX) by 4.7% during the third quarter, HoldingsChannel.com reports. The firm owned 114,250 shares of the software maker’s stock after selling 5,584 shares during the period. Thrivent Financial for Lutherans’ holdings in BOX were worth $3,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BOX. American International Group Inc. lifted its position in BOX by 8.6% during the first quarter. American International Group Inc. now owns 76,185 shares of the software maker’s stock valued at $2,158,000 after buying an additional 6,062 shares in the last quarter. Lazard Asset Management LLC boosted its position in BOX by 358.3% during the 1st quarter. Lazard Asset Management LLC now owns 7,842 shares of the software maker’s stock worth $221,000 after purchasing an additional 6,131 shares during the period. Tidal Investments LLC purchased a new position in BOX in the first quarter valued at about $391,000. Comerica Bank lifted its stake in shares of BOX by 964.7% during the first quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock worth $2,409,000 after purchasing an additional 77,090 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of BOX in the first quarter valued at about $1,096,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. William Blair restated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Morgan Stanley increased their target price on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. Finally, UBS Group increased their price target on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have 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 currently has an average rating of “Moderate Buy” and an average price target of $31.22.

Insider Activity at BOX

In other news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total transaction of $329,200.00. Following the completion of the transaction, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the completion of the sale, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,500 shares of company stock valued at $1,939,895. Insiders own 4.10% of the company’s stock.

BOX Trading Up 4.1 %

NYSE BOX opened at $35.67 on Tuesday. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.72. The stock’s 50-day moving average price is $32.82 and its two-hundred day moving average price is $29.49. The company has a market cap of $5.11 billion, a PE ratio of 45.15 and a beta of 0.85.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. Research analysts forecast that Box, Inc. will post 0.23 EPS for the current fiscal year.

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.