American International Group Inc. increased its position in shares of Box, Inc. (NYSE:BOX) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,063 shares of the software maker’s stock after buying an additional 1,991 shares during the period. American International Group Inc.’s holdings in Box were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jasper Ridge Partners L.P. increased its position in Box by 40.6% in the first quarter. Jasper Ridge Partners L.P. now owns 26,478 shares of the software maker’s stock worth $432,000 after buying an additional 7,642 shares during the period. Cipher Capital LP increased its position in Box by 297.9% in the first quarter. Cipher Capital LP now owns 42,680 shares of the software maker’s stock worth $696,000 after buying an additional 31,954 shares during the period. Stifel Financial Corp bought a new position in Box during the first quarter worth approximately $222,000. M&T Bank Corp bought a new position in Box during the first quarter worth approximately $334,000. Finally, Marcus Capital LLC increased its position in Box by 18.4% in the first quarter. Marcus Capital LLC now owns 176,350 shares of the software maker’s stock worth $2,876,000 after buying an additional 27,350 shares during the period. Hedge funds and other institutional investors own 38.18% of the company’s stock.

Box, Inc. (NYSE BOX) traded up 0.80% during trading on Monday, hitting $18.84. 622,051 shares of the stock traded hands. The firm’s 50-day moving average is $18.88 and its 200 day moving average is $17.84. Box, Inc. has a 52 week low of $11.88 and a 52 week high of $20.91. The stock’s market cap is $2.48 billion.

Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, May 31st. The software maker reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.01. The firm had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $114.70 million. Box had a negative return on equity of 187.98% and a negative net margin of 36.01%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) EPS. Equities research analysts forecast that Box, Inc. will post ($0.46) earnings per share for the current fiscal year.

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A number of brokerages have weighed in on BOX. ValuEngine raised shares of Box from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Bank of America Corporation reissued a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Box in a report on Friday, June 2nd. Drexel Hamilton reissued a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Box in a report on Thursday, June 1st. Morgan Stanley reissued an “equal weight” rating and set a $20.00 target price (up from $19.00) on shares of Box in a report on Thursday, June 1st. Finally, Mitsubishi UFJ Financial Group Inc raised shares of Box from a “neutral” rating to an “overweight” rating in a report on Thursday, June 1st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.24.

In related news, insider Daniel J. Levin sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $20.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider now directly owns 3,752 shares in the company, valued at approximately $75,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $18.46, for a total value of $738,400.00. Following the completion of the transaction, the chief operating officer now owns 3,752 shares of the company’s stock, valued at $69,261.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,768,934 shares of company stock valued at $33,066,666. 20.59% of the stock is currently owned by company insiders.

Box Company Profile

Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.

Institutional Ownership by Quarter for Box (NYSE:BOX)

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