CWA Asset Management Group LLC Purchases Shares of 14,859 Box, Inc. (NYSE:BOX)

CWA Asset Management Group LLC bought a new position in Box, Inc. (NYSE:BOX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,859 shares of the software maker's stock, valued at approximately $486,000.

A number of other institutional investors have also added to or reduced their stakes in BOX. Vanguard Group Inc. boosted its stake in shares of BOX by 14.9% in the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker's stock worth $490,329,000 after acquiring an additional 2,249,082 shares during the last quarter. Congress Asset Management Co. purchased a new position in BOX in the third quarter valued at $46,236,000. Earnest Partners LLC increased its position in shares of BOX by 10.5% during the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker's stock worth $207,882,000 after purchasing an additional 699,882 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in BOX by 19.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker's stock worth $67,248,000 after purchasing an additional 386,149 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker's stock valued at $67,809,000 after purchasing an additional 229,314 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now directly owns 1,474,509 shares of the company's stock, valued at $47,951,032.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the completion of the sale, the chief financial officer now owns 1,474,509 shares in the company, valued at approximately $47,951,032.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack R. Lazar sold 7,000 shares of the company'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 value of $228,760.00. Following the transaction, the director now owns 29,197 shares of the company's stock, valued at approximately $954,157.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,000 shares of company stock valued at $1,408,290. Company insiders own 4.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BOX. UBS Group increased their price objective on BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Citigroup boosted their price objective on shares of BOX from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a report on Friday, August 16th. Royal Bank of Canada restated an "underperform" rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. Finally, StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, BOX currently has an average rating of "Moderate Buy" and an average price target of $31.22.

BOX Price Performance

NYSE:BOX traded down $0.24 during trading hours on Tuesday, reaching $34.24. 2,877,840 shares of the company were exchanged, compared to its average volume of 1,996,444. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.01. The stock has a 50 day simple moving average of $32.57 and a 200 day simple moving average of $28.95. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 43.65 and a beta of 0.85.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $269.52 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts predict 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.