Truvestments Capital LLC Purchases Shares of 6,748 Box, Inc. (NYSE:BOX)

Truvestments Capital LLC purchased a new position in shares of Box, Inc. (NYSE:BOX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,748 shares of the software maker’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also made changes to their positions in BOX. Congress Asset Management Co. acquired a new stake in shares of BOX during the third quarter worth about $46,236,000. Earnest Partners LLC grew its stake in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after buying an additional 620,450 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in BOX by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after buying an additional 229,314 shares during the last quarter. Assenagon Asset Management S.A. increased its position in BOX by 143.6% during the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock worth $6,742,000 after buying an additional 150,309 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after buying an additional 134,175 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jack R. Lazar sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the sale, the director now owns 29,197 shares of the company’s stock, valued at $954,157.96. The trade was a 19.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,500 shares of company stock worth $1,939,895. Corporate insiders own 4.10% of the company’s stock.

BOX Trading Up 4.1 %

Shares of BOX opened at $35.67 on Tuesday. The firm has a market capitalization of $5.11 billion, a PE ratio of 45.15 and a beta of 0.85. The stock’s 50 day moving average is $32.82 and its two-hundred day moving average is $29.49. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.72.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The firm had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. BOX’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Box, Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research reports. Citigroup raised their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Finally, UBS Group upped their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.22.

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.