Strs Ohio purchased a new stake in shares of Box, Inc. (NYSE:BOX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 52,600 shares of the software maker’s stock, valued at approximately $959,000.
Several other hedge funds have also recently bought and sold shares of BOX. Advisory Services Network LLC purchased a new stake in Box during the first quarter valued at $142,000. Two Sigma Securities LLC purchased a new stake in Box during the first quarter valued at $177,000. Stifel Financial Corp purchased a new stake in Box during the first quarter valued at $222,000. Jane Street Group LLC purchased a new stake in Box during the first quarter valued at $248,000. Finally, Russell Investments Group Ltd. purchased a new stake in Box during the fourth quarter valued at $215,000. 36.59% of the stock is owned by institutional investors and hedge funds.
Shares of Box, Inc. (NYSE BOX) opened at 18.84 on Thursday. Box, Inc. has a 12-month low of $12.26 and a 12-month high of $20.91. The firm’s 50-day moving average is $18.81 and its 200-day moving average is $17.95. The firm’s market capitalization is $2.48 billion.
Box (NYSE:BOX) last released its quarterly earnings data on Wednesday, May 31st. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. Box had a negative net margin of 36.01% and a negative return on equity of 187.98%. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $114.70 million. During the same period in the previous year, the firm earned ($0.18) earnings per share. Box’s revenue for the quarter was up 29.9% on a year-over-year basis. Equities research analysts forecast that Box, Inc. will post ($0.46) EPS for the current fiscal year.
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Several research firms have recently weighed in on BOX. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price target on shares of Box in a research note on Wednesday. Drexel Hamilton restated a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of Box in a report on Thursday, June 1st. Canaccord Genuity restated a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of Box in a report on Thursday, June 1st. Bank of America Corporation restated a “buy” rating and issued a $22.00 price objective (up from $21.00) on shares of Box in a report on Friday, June 2nd. Finally, Mitsubishi UFJ Financial Group Inc upgraded shares of Box from a “neutral” rating to an “overweight” rating in a report on Thursday, June 1st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.24.
In other Box news, Director Rory O’driscoll sold 671,186 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $18.48, for a total transaction of $12,403,517.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Daniel J. Levin sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.28, for a total transaction of $731,200.00. Following the sale, the chief operating officer now owns 3,752 shares of the company’s stock, valued at $68,586.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,748,934 shares of company stock valued at $32,700,266. 22.30% of the stock is owned by insiders.
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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