Deutsche Bank began coverage on shares of BOX (NYSE:BOX) in a research note released on Monday, Marketbeat.com reports. The brokerage issued a hold rating and a $22.00 price target on the software maker’s stock.

A number of other research firms have also recently commented on BOX. First Analysis initiated coverage on BOX in a research report on Friday, July 20th. They set an overweight rating and a $32.00 target price on the stock. DA Davidson cut their target price on BOX from $31.00 to $30.00 and set a buy rating on the stock in a research report on Wednesday, August 29th. Rosenblatt Securities reiterated a hold rating and set a $25.00 target price on shares of BOX in a research report on Sunday, August 26th. ValuEngine cut BOX from a strong-buy rating to a buy rating in a research report on Thursday, August 30th. Finally, JMP Securities reiterated an outperform rating and set a $32.00 target price on shares of BOX in a research report on Wednesday, August 29th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. BOX presently has a consensus rating of Buy and an average price target of $27.00.

Shares of NYSE BOX opened at $18.98 on Monday. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -16.36 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.04. BOX has a 1 year low of $17.53 and a 1 year high of $29.79.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 28th. The software maker reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. BOX had a negative return on equity of 488.70% and a negative net margin of 27.10%. The business had revenue of $148.20 million for the quarter, compared to analysts’ expectations of $146.58 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The business’s revenue was up 20.6% compared to the same quarter last year. On average, equities research analysts expect that BOX will post -0.95 EPS for the current fiscal year.

In related news, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $25.85, for a total value of $387,750.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel J. Levin sold 80,000 shares of the business’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $26.22, for a total value of $2,097,600.00. Following the completion of the transaction, the director now owns 5,790 shares in the company, valued at approximately $151,813.80. The disclosure for this sale can be found here. Insiders sold a total of 272,000 shares of company stock worth $6,760,280 in the last 90 days. 8.51% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of BOX. SG Americas Securities LLC acquired a new position in BOX in the 1st quarter valued at about $111,000. Schwab Charles Investment Management Inc. increased its position in BOX by 3.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 510,142 shares of the software maker’s stock valued at $10,484,000 after acquiring an additional 19,156 shares during the period. Northern Trust Corp increased its position in BOX by 1.3% in the 1st quarter. Northern Trust Corp now owns 1,048,538 shares of the software maker’s stock valued at $21,547,000 after acquiring an additional 13,048 shares during the period. BlackRock Inc. increased its position in BOX by 4.5% in the 1st quarter. BlackRock Inc. now owns 6,204,788 shares of the software maker’s stock valued at $127,508,000 after acquiring an additional 268,982 shares during the period. Finally, JPMorgan Chase & Co. increased its position in BOX by 9,171.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,619,488 shares of the software maker’s stock valued at $33,280,000 after acquiring an additional 1,602,021 shares during the period. Hedge funds and other institutional investors own 67.08% of the company’s stock.

BOX Company Profile

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or 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.

Read More: What is a conference call?

Analyst Recommendations for BOX (NYSE:BOX)

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.