Schroder Investment Management Group Sells 333,379 Shares of Box, Inc. $BOX

Schroder Investment Management Group lowered its stake in Box, Inc. (NYSE:BOX) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,186,093 shares of the software maker’s stock after selling 333,379 shares during the period. Schroder Investment Management Group owned approximately 0.82% of BOX worth $40,529,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BOX. Caitong International Asset Management Co. Ltd boosted its holdings in BOX by 7,130.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the software maker’s stock valued at $25,000 after acquiring an additional 713 shares during the period. Geneos Wealth Management Inc. bought a new stake in BOX in the first quarter valued at approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of BOX during the second quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of BOX by 692.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the software maker’s stock worth $45,000 after purchasing an additional 1,150 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of BOX in the second quarter worth approximately $55,000. Institutional investors own 86.74% of the company’s stock.

BOX Price Performance

BOX stock opened at $29.36 on Tuesday. Box, Inc. has a 1 year low of $28.00 and a 1 year high of $38.80. The firm has a 50-day moving average of $31.82 and a 200 day moving average of $32.76. The company has a market cap of $4.25 billion, a P/E ratio of 23.68 and a beta of 0.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BOX shares. Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Citigroup increased their target price on shares of BOX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. UBS Group downgraded BOX from a “buy” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $36.00 in a report on Thursday, September 18th. Royal Bank Of Canada upped their price target on BOX from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Wednesday, August 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective on shares of BOX in a research report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

Insider Activity

In related news, Director Jack R. Lazar sold 5,000 shares of BOX stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $32.20, for a total transaction of $161,000.00. Following the sale, the director directly owned 27,855 shares in the company, valued at $896,931. The trade was a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 51,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $32.83, for a total value of $1,674,330.00. Following the completion of the sale, the chief financial officer directly owned 1,480,732 shares in the company, valued at approximately $48,612,431.56. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 122,336 shares of company stock worth $3,986,999. Company insiders own 3.90% of the company’s stock.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.