Victory Capital Management Inc. Has $19.90 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Victory Capital Management Inc. lessened its stake in Box, Inc. (NYSE:BOX - Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 607,866 shares of the software maker's stock after selling 52,970 shares during the quarter. Victory Capital Management Inc. owned approximately 0.42% of BOX worth $19,895,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in BOX by 14.9% in the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker's stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the period. Earnest Partners LLC raised its holdings in shares of BOX by 8.5% in the second quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker's stock valued at $210,487,000 after buying an additional 620,450 shares during the last quarter. Sei Investments Co. grew its stake in shares of BOX by 4.2% in the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker's stock valued at $81,405,000 after purchasing an additional 125,435 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of BOX by 19.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker's stock valued at $67,248,000 after buying an additional 386,149 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jack R. Lazar sold 7,000 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the completion of the transaction, the director now directly owns 29,197 shares in the company, valued at approximately $954,157.96. The trade was a 19.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.21, for a total value of $444,730.00. Following the completion of the sale, the chief financial officer now owns 1,461,509 shares of the company's stock, valued at $49,998,222.89. This trade represents a 0.88 % 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 in the last three months. Insiders own 4.10% of the company's stock.

BOX Stock Performance

Shares of BOX traded down $0.66 during trading hours on Tuesday, reaching $33.14. 1,444,295 shares of the company traded hands, compared to its average volume of 1,984,213. The stock's fifty day moving average is $32.73 and its 200 day moving average is $29.22. The stock has a market cap of $4.75 billion, a P/E ratio of 42.80 and a beta of 0.85. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $35.07.

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

Analysts Set New Price Targets

BOX has been the subject of a number of recent research reports. Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a research note 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. William Blair reiterated an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. UBS Group lifted 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, Morgan Stanley increased their price target on BOX from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.22.

BOX Company Profile

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.