Fmr LLC lifted its holdings in Box, Inc. (NYSE:BOX) by 353.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 554,608 shares of the software maker’s stock after purchasing an additional 432,344 shares during the quarter. Fmr LLC owned 0.42% of Box worth $10,116,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Box by 79.0% in the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after purchasing an additional 3,521,030 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Box by 3,627.5% in the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after purchasing an additional 3,369,948 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Box by 32.2% in the second quarter. First Trust Advisors LP now owns 2,859,338 shares of the software maker’s stock valued at $52,154,000 after purchasing an additional 697,214 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Box by 453.9% in the first quarter. Renaissance Technologies LLC now owns 1,544,400 shares of the software maker’s stock valued at $25,189,000 after purchasing an additional 1,265,600 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Box by 3,041.0% in the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock valued at $24,927,000 after purchasing an additional 1,323,099 shares in the last quarter. 58.14% of the stock is owned by hedge funds and other institutional investors.

In other Box news, President Daniel J. Levin sold 57,444 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $18.43, for a total value of $1,058,692.92. Following the completion of the sale, the president now directly owns 3,752 shares in the company, valued at approximately $69,149.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Daniel J. Levin sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total value of $372,000.00. Following the completion of the sale, the president now owns 3,752 shares of the company’s stock, valued at $69,787.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,534 shares of company stock valued at $17,924,531. 20.59% of the stock is owned by company insiders.

Shares of Box, Inc. (NYSE:BOX) opened at 21.53 on Tuesday. The company has a 50-day moving average price of $19.42 and a 200-day moving average price of $19.42. The company’s market capitalization is $2.88 billion. Box, Inc. has a 12 month low of $13.56 and a 12 month high of $21.83.

Box (NYSE:BOX) last issued its earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The company had revenue of $122.94 million during the quarter, compared to analysts’ expectations of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) EPS. On average, analysts forecast that Box, Inc. will post ($0.45) EPS for the current fiscal year.

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A number of research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $22.00 target price on shares of Box in a report on Monday, October 16th. Canaccord Genuity raised their target price on shares of Box from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, October 13th. Rosenblatt Securities reissued a “buy” rating and issued a $25.00 target price on shares of Box in a report on Monday, October 9th. Raymond James Financial, Inc. raised shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, September 25th. Finally, UBS AG raised shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, September 25th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Box has an average rating of “Buy” and a consensus price target of $23.40.

Box 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.

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Institutional Ownership by Quarter for Box (NYSE:BOX)

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