Box, Inc. (BOX) Shares Bought by Rhumbline Advisers
Rhumbline Advisers raised its stake in shares of Box, Inc. (NYSE:BOX) by 65.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,907 shares of the software maker’s stock after purchasing an additional 34,530 shares during the quarter. Rhumbline Advisers owned 0.07% of Box worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Swiss National Bank lifted its holdings 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 acquiring an additional 8,700 shares during the last quarter. Jasper Ridge Partners L.P. increased its stake in shares of Box by 40.6% in the first quarter. Jasper Ridge Partners L.P. now owns 26,478 shares of the software maker’s stock worth $432,000 after buying an additional 7,642 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Box by 95.8% in the first quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the software maker’s stock worth $338,000 after buying an additional 10,153 shares during the period. Jane Street Group LLC purchased a new position in shares of Box in the first quarter worth $248,000. Finally, Emerald Advisers Inc. PA purchased a new position in shares of Box in the second quarter worth $10,805,000. Institutional investors and hedge funds own 57.40% of the company’s stock.
Shares of Box, Inc. (NYSE BOX) opened at 18.21 on Tuesday. Box, Inc. has a one year low of $13.56 and a one year high of $18.81. The firm’s market cap is $2.42 billion. The firm has a 50-day moving average price of $18.47 and a 200 day moving average price of $18.25.
Box (NYSE:BOX) last released its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The firm had revenue of $122.94 million for the quarter, compared to the consensus estimate of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) EPS. On average, analysts forecast that Box, Inc. will post ($0.45) earnings per share for the current fiscal year.
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A number of research analysts have issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $17.00 price objective on shares of Box in a research report on Wednesday, August 16th. Bank of America Corporation reaffirmed a “buy” rating and issued a $22.00 target price (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 target price (up from $26.00) on shares of Box in a research report on Thursday, June 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $25.00 price target on shares of Box in a research note on Friday, September 1st. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $27.00 price target (up previously from $24.00) on shares of Box in a research note on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.52.
In other news, Director Rory O’driscoll sold 332,992 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $19.04, for a total value of $6,340,167.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Peter M. Mcgoff sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $18.52, for a total value of $1,481,600.00. Following the completion of the sale, the senior vice president now directly owns 286,135 shares of the company’s stock, valued at $5,299,220.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,175,192 shares of company stock valued at $22,105,842 over the last ninety days. 20.59% 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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