Box, Inc. (BOX) Position Lifted by Peloton Wealth Strategists

Peloton Wealth Strategists increased its position in shares of Box, Inc. (NYSE:BOX) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,100 shares of the software maker’s stock after acquiring an additional 7,000 shares during the quarter. Peloton Wealth Strategists owned about 0.06% of Box worth $1,552,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in 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 buying an additional 3,369,948 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Box in the first quarter valued at approximately $21,283,000. Marshall Wace North America L.P. acquired a new stake in shares of Box in the first quarter valued at approximately $21,283,000. JPMorgan Chase & Co. raised 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 during the last quarter. Finally, Renaissance Technologies LLC raised 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 during the last quarter. 57.81% of the stock is currently owned by institutional investors and hedge funds.

Box, Inc. (NYSE:BOX) traded up 0.76% during trading on Tuesday, hitting $18.45. 272,442 shares of the company’s stock traded hands. Box, Inc. has a 52-week low of $13.50 and a 52-week high of $20.91. The company’s market cap is $2.43 billion. The company’s 50 day moving average price is $19.00 and its 200 day moving average price is $18.09.

Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. Box had a negative return on equity of 207.36% and a negative net margin of 34.11%. The company had revenue of $122.94 million during the quarter, compared to analyst estimates of $121.75 million. During the same quarter last year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. Analysts expect that Box, Inc. will post ($0.45) earnings per share for the current year.

A number of analysts have recently issued reports on BOX shares. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of Box in a report on Monday, July 17th. Drexel Hamilton reiterated a “buy” rating and issued a $28.00 price objective on shares of Box in a report on Tuesday, June 27th. Canaccord Genuity reiterated 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 reiterated 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, BidaskClub upgraded shares of Box from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.52.

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In related news, President Daniel J. Levin sold 20,000 shares of Box stock in a transaction dated Tuesday, August 15th. The stock was 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 approximately $69,787.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Daniel J. Levin sold 40,000 shares of Box stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $18.28, for a total value of $731,200.00. Following the completion of the sale, the chief operating officer now directly owns 3,752 shares of the company’s stock, valued at approximately $68,586.56. The disclosure for this sale can be found here. In the last three months, insiders sold 1,806,378 shares of company stock valued at $33,758,959. 20.59% of the stock is currently owned by 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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