Steel Peak Wealth Management LLC Invests $512,000 in Box, Inc. (NYSE:BOX)

Steel Peak Wealth Management LLC purchased a new stake in Box, Inc. (NYSE:BOXGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,624 shares of the software maker’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BOX. Earnest Partners LLC lifted its position in BOX by 245.5% during the fourth quarter. Earnest Partners LLC now owns 6,460,163 shares of the software maker’s stock worth $169,192,000 after buying an additional 4,590,582 shares in the last quarter. Bank of America Corp DE boosted its position in shares of BOX by 464.4% during the 4th quarter. Bank of America Corp DE now owns 2,284,205 shares of the software maker’s stock valued at $59,824,000 after acquiring an additional 1,879,495 shares during the last quarter. Burney Co. purchased a new stake in shares of BOX in the first quarter valued at about $21,428,000. Sei Investments Co. increased its position in BOX by 68.9% during the fourth quarter. Sei Investments Co. now owns 1,411,535 shares of the software maker’s stock worth $36,991,000 after purchasing an additional 575,853 shares during the last quarter. Finally, Invesco Ltd. raised its stake in BOX by 314.2% during the fourth quarter. Invesco Ltd. now owns 573,283 shares of the software maker’s stock worth $15,014,000 after purchasing an additional 434,888 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Insider Buying and Selling

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $30.49, for a total value of $396,370.00. Following the transaction, the chief financial officer now directly owns 1,382,137 shares in the company, valued at $42,141,357.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Dylan C. Smith sold 15,000 shares of the company’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $25.65, for a total value of $384,750.00. Following the completion of the sale, the chief financial officer now directly owns 1,447,315 shares of the company’s stock, valued at approximately $37,123,629.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $30.49, for a total value of $396,370.00. Following the transaction, the chief financial officer now directly owns 1,382,137 shares in the company, valued at approximately $42,141,357.13. The disclosure for this sale can be found here. Insiders sold a total of 41,000 shares of company stock worth $1,124,970 over the last 90 days. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BOX. Craig Hallum dropped their price target on shares of BOX to $41.00 in a research note on Thursday, May 26th. StockNews.com downgraded BOX from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 18th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.56.

BOX Trading Down 0.0 %

Shares of BOX stock opened at $31.02 on Wednesday. Box, Inc. has a 52-week low of $22.18 and a 52-week high of $33.04. The company has a 50 day moving average of $27.09 and a 200 day moving average of $27.59.

BOX (NYSE:BOXGet Rating) last issued its earnings results on Wednesday, May 25th. The software maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The company had revenue of $238.40 million for the quarter, compared to analysts’ expectations of $234.48 million. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, research analysts predict that Box, Inc. will post -0.13 EPS for the current fiscal year.

BOX Company Profile

(Get Rating)

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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

Further Reading

Institutional Ownership by Quarter for BOX (NYSE:BOX)

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