RGM Capital LLC Sells 868,736 Shares of Box, Inc. (NYSE:BOX)

RGM Capital LLC decreased its position in Box, Inc. (NYSE:BOX) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,413,171 shares of the software maker’s stock after selling 868,736 shares during the period. BOX makes up 6.3% of RGM Capital LLC’s investment portfolio, making the stock its 6th largest position. RGM Capital LLC’s holdings in BOX were worth $144,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Congress Asset Management Co. acquired a new position in BOX in the third quarter valued at approximately $46,236,000. Earnest Partners LLC grew its stake in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after buying an additional 620,450 shares during the last quarter. Dimensional Fund Advisors LP increased its position in BOX by 9.8% in the second 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 period. Assenagon Asset Management S.A. lifted its stake in BOX by 143.6% in the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after buying an additional 150,309 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of BOX by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after acquiring an additional 134,175 shares during the period. 86.74% of the stock is currently owned by institutional investors.

BOX Price Performance

Shares of BOX traded down $0.17 during trading hours on Wednesday, hitting $35.34. 33,050 shares of the company were exchanged, compared to its average volume of 1,988,794. The company has a market capitalization of $5.06 billion, a PE ratio of 44.95 and a beta of 0.85. The firm has a fifty day simple moving average of $32.82 and a 200-day simple moving average of $29.49. Box, Inc. has a one year low of $23.29 and a one year high of $35.74.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to analyst estimates of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. BOX’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. Sell-side analysts expect that Box, Inc. will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BOX. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Morgan Stanley boosted their price objective on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Citigroup boosted their price target on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, UBS Group raised their price target on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.22.

Insider Buying and Selling at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the sale, the chief financial officer now directly owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. The trade was a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is currently owned by corporate insiders.

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.