Segall Bryant & Hamill LLC Sells 15,734 Shares of Box, Inc. (NYSE:BOX)

Segall Bryant & Hamill LLC lessened its position in Box, Inc. (NYSE:BOX - Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,874 shares of the software maker's stock after selling 15,734 shares during the period. Segall Bryant & Hamill LLC owned about 0.27% of BOX worth $12,564,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its holdings in shares of 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 purchasing an additional 150,309 shares during the period. Vanguard Group Inc. raised its stake in shares of BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker's stock valued at $490,329,000 after acquiring an additional 2,249,082 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in BOX during the 1st quarter worth about $1,096,000. Comerica Bank increased its position in BOX by 964.7% during the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker's stock valued at $2,409,000 after purchasing an additional 77,090 shares during the period. Finally, Bank of Montreal Can lifted its holdings in BOX by 16.0% in the second quarter. Bank of Montreal Can now owns 351,850 shares of the software maker's stock valued at $9,514,000 after buying an additional 48,633 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

BOX Trading Up 0.1 %

BOX stock opened at $33.18 on Thursday. The firm has a market cap of $4.75 billion, a P/E ratio of 42.00 and a beta of 0.85. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $35.07. The stock's 50 day simple moving average is $32.74 and its 200 day simple moving average is $29.30.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million during the quarter, compared to analysts' expectations of $269.52 million. During the same period last year, the company posted $0.01 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts forecast that Box, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the company's stock in a transaction dated 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 transaction, the director now owns 26,697 shares of the company's stock, valued at $927,720.75. This represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the sale, the chief executive officer now owns 3,009,155 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders have sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on 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 upgraded BOX to a "hold" rating in a research note on Friday, August 16th. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. UBS Group boosted their price target on shares of BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Finally, William Blair reaffirmed an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, BOX has an average rating of "Moderate Buy" and a consensus 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.