Box Inc (BOX) Holdings Lessened by Boston Advisors LLC
Boston Advisors LLC trimmed its holdings in Box Inc (NYSE:BOX) by 13.2% during the fourth quarter, HoldingsChannel reports. The firm owned 46,490 shares of the software maker’s stock after selling 7,085 shares during the period. Boston Advisors LLC’s holdings in BOX were worth $982,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in BOX. Schwab Charles Investment Management Inc. raised its position in shares of BOX by 42.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 314,254 shares of the software maker’s stock valued at $5,732,000 after purchasing an additional 92,913 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of BOX by 32.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 335,777 shares of the software maker’s stock valued at $6,125,000 after purchasing an additional 83,025 shares in the last quarter. Legal & General Group Plc raised its position in shares of BOX by 68.2% in the 2nd quarter. Legal & General Group Plc now owns 19,744 shares of the software maker’s stock valued at $362,000 after purchasing an additional 8,007 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of BOX in the 2nd quarter valued at approximately $199,000. Finally, Swiss National Bank raised its position in shares of BOX by 17.8% in the 2nd quarter. Swiss National Bank now owns 99,300 shares of the software maker’s stock valued at $1,811,000 after purchasing an additional 15,000 shares in the last quarter. 62.51% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity reiterated a “buy” rating and issued a $25.00 price target on shares of BOX in a report on Thursday, November 30th. Oppenheimer reiterated a “buy” rating and issued a $24.00 price target on shares of BOX in a report on Thursday, November 30th. JMP Securities boosted their price target on BOX to $25.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Vetr upgraded BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price target for the company in a report on Wednesday, November 29th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $28.00 price target on shares of BOX in a report on Monday, November 27th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.24.
BOX (NYSE:BOX) last issued its quarterly earnings data on Wednesday, November 29th. The software maker reported ($0.13) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.13). The firm had revenue of $129.30 million during the quarter, compared to the consensus estimate of $128.67 million. BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) EPS. analysts anticipate that Box Inc will post -1.17 earnings per share for the current year.
In related news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $20.84, for a total transaction of $270,920.00. Following the completion of the transaction, the chief financial officer now directly owns 13,000 shares in the company, valued at approximately $270,920. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel J. Levin sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $22.39, for a total value of $223,900.00. Following the transaction, the director now owns 5,790 shares of the company’s stock, valued at $129,638.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,082,309 shares of company stock valued at $43,613,662. 20.59% of the stock is owned by company insiders.
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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.
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