Segall Bryant & Hamill LLC Has $12.56 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Segall Bryant & Hamill LLC decreased its holdings in Box, Inc. (NYSE:BOX) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,874 shares of the software maker’s stock after selling 15,734 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.27% of BOX worth $12,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of BOX by 3.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after acquiring an additional 560 shares during the period. Connable Office Inc. boosted its holdings in shares of BOX by 3.8% in the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after buying an additional 573 shares during the period. Creative Planning raised its position in BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after buying an additional 631 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in BOX by 2.9% during the second quarter. Diversified Trust Co now owns 26,980 shares of the software maker’s stock worth $713,000 after buying an additional 768 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the 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 transaction, the chief financial officer now owns 1,500,661 shares in the company, valued at $49,356,740.29. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,500 shares of company stock worth $1,939,895 over the last quarter. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Citigroup upped their price target on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a report on Friday, August 16th. Morgan Stanley increased their price objective on shares of BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. UBS Group raised their target price on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, William Blair reiterated an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX Stock Up 0.1 %

Shares of NYSE:BOX opened at $33.18 on Thursday. The business has a fifty day simple moving average of $32.74 and a 200 day simple moving average of $29.30. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $35.07. The firm has a market cap of $4.75 billion, a P/E ratio of 42.00 and a beta of 0.85.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The business had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. During the same period in the prior year, the business posted $0.01 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Box, Inc. will post 0.23 EPS for the current 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.