Box, Inc. (BOX) Stake Lifted by Sterling Capital Management LLC
Sterling Capital Management LLC grew its holdings in Box, Inc. (NYSE:BOX) by 19.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,761 shares of the software maker’s stock after purchasing an additional 16,408 shares during the quarter. Sterling Capital Management LLC owned about 0.08% of Box worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Jasper Ridge Partners L.P. lifted its stake in shares of Box by 54.0% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 40,783 shares of the software maker’s stock valued at $744,000 after purchasing an additional 14,305 shares during the period. Swiss National Bank lifted its stake 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 valued at $1,375,000 after purchasing an additional 8,700 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Box by 3,041.0% in the 2nd 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 period. Lucha Capital Management LP acquired a new position in shares of Box in the 2nd quarter valued at about $7,200,000. Finally, UBS Asset Management Americas Inc. increased its position in Box by 95.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the software maker’s stock valued at $338,000 after buying an additional 10,153 shares in the last quarter. 57.37% of the stock is currently owned by institutional investors.
In other Box news, Director Rory O’driscoll sold 115,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $18.08, for a total transaction of $2,079,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $1,481,600.00. Following the transaction, the senior vice president now directly owns 286,135 shares of the company’s stock, valued at approximately $5,299,220.20. The disclosure for this sale can be found here. Insiders have sold 1,009,534 shares of company stock valued at $18,924,531 in the last ninety days. Insiders own 22.30% of the company’s stock.
Shares of Box, Inc. (BOX) opened at 20.55 on Thursday. The firm’s 50-day moving average price is $18.90 and its 200-day moving average price is $18.90. Box, Inc. has a one year low of $13.56 and a one year high of $20.57. The company’s market capitalization is $2.75 billion.
Box (NYSE:BOX) last announced its earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. During the same quarter last year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. Analysts anticipate that Box, Inc. will post ($0.45) earnings per share for the current year.
A number of analysts recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 target price on shares of Box in a research report on Wednesday, August 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 target price on shares of Box in a research report on Monday, October 9th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $22.00 target price on shares of Box in a research report on Monday. BidaskClub raised Box from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. raised Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.40.
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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