Laurion Capital Management LP purchased a new position in Box, Inc. (NYSE:BOX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 542,114 shares of the software maker’s stock, valued at approximately $9,889,000. Laurion Capital Management LP owned approximately 0.41% of Box as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BOX. Teachers Advisors LLC boosted its position in shares of Box by 60.6% in the 4th quarter. Teachers Advisors LLC now owns 151,416 shares of the software maker’s stock worth $2,099,000 after purchasing an additional 57,131 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Box by 39.5% in the 1st quarter. Russell Investments Group Ltd. now owns 21,638 shares of the software maker’s stock worth $352,000 after purchasing an additional 6,124 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Box by 27.1% in the 1st quarter. Wells Fargo & Company MN now owns 92,901 shares of the software maker’s stock worth $1,515,000 after purchasing an additional 19,816 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Box by 29.1% in the 1st quarter. Bank of New York Mellon Corp now owns 252,752 shares of the software maker’s stock worth $4,123,000 after purchasing an additional 57,011 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Box by 11.5% in the 1st quarter. Swiss National Bank now owns 84,300 shares of the software maker’s stock worth $1,375,000 after purchasing an additional 8,700 shares in the last quarter. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on BOX. ValuEngine raised Box from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Bank of America Corporation reissued a “buy” rating and issued a $22.00 price target (up from $21.00) on shares of Box in a research report on Friday, June 2nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $28.00 price objective (up from $26.00) on shares of Box in a research report on Thursday, June 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price objective (up from $19.00) on shares of Box in a research report on Thursday, June 1st. Finally, Mitsubishi UFJ Financial Group Inc raised Box from a “neutral” rating to an “overweight” rating in a research report on Thursday, June 1st. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $22.52.

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In related news, Director Rory O’driscoll sold 332,992 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $19.04, for a total transaction of $6,340,167.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Daniel J. Levin sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $18.60, for a total transaction of $372,000.00. Following the sale, the president now directly owns 3,752 shares of the company’s stock, valued at approximately $69,787.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,175,192 shares of company stock valued at $22,105,842. 22.30% of the stock is owned by corporate insiders.

Box, Inc. (NYSE BOX) remained flat at $18.46 during midday trading on Friday. The company’s stock had a trading volume of 2,312,676 shares. Box, Inc. has a 1-year low of $13.56 and a 1-year high of $18.81. The company’s market cap is $2.45 billion. The firm’s 50-day moving average price is $18.52 and its 200-day moving average price is $18.02.

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

About Box

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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