Xact Kapitalforvaltning AB acquired a new stake in shares of Box (NYSE:BOX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 10,753 shares of the software maker’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in BOX by 9.6% during the 4th quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock valued at $125,362,000 after buying an additional 518,179 shares in the last quarter. Millennium Management LLC grew its holdings in BOX by 16.7% during the 4th quarter. Millennium Management LLC now owns 4,314,184 shares of the software maker’s stock valued at $91,116,000 after buying an additional 616,044 shares in the last quarter. First Trust Advisors LP grew its holdings in BOX by 2.6% during the 4th quarter. First Trust Advisors LP now owns 3,851,389 shares of the software maker’s stock valued at $81,341,000 after buying an additional 99,309 shares in the last quarter. Renaissance Technologies LLC grew its holdings in BOX by 16.5% during the 4th quarter. Renaissance Technologies LLC now owns 3,203,600 shares of the software maker’s stock valued at $67,660,000 after buying an additional 454,700 shares in the last quarter. Finally, AO Asset Management LP grew its holdings in BOX by 27.3% during the 4th quarter. AO Asset Management LP now owns 1,606,800 shares of the software maker’s stock valued at $33,936,000 after buying an additional 344,500 shares in the last quarter. 73.79% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have issued reports on BOX. ValuEngine raised shares of BOX from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. DA Davidson began coverage on shares of BOX in a report on Thursday, February 15th. They set a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research lowered shares of BOX from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Canaccord Genuity reissued a “buy” rating on shares of BOX in a report on Monday, March 5th. Finally, Vetr lowered shares of BOX from a “strong-buy” rating to a “buy” rating and set a $24.14 target price for the company. in a report on Thursday, February 15th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.40.

In related news, insider Peter M. Mcgoff sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $20.81, for a total value of $1,248,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel J. Levin sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at $115,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,079 shares of company stock valued at $3,848,989. 20.59% of the stock is owned by corporate insiders.

BOX stock opened at $20.93 on Tuesday. Box has a fifty-two week low of $16.76 and a fifty-two week high of $24.50. The company has a debt-to-equity ratio of 4.48, a current ratio of 1.01 and a quick ratio of 1.01.

BOX (NYSE:BOX) last issued its quarterly earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $136.70 million during the quarter, compared to the consensus estimate of $136.61 million. BOX had a negative return on equity of 433.21% and a negative net margin of 30.62%. BOX’s revenue was up 24.4% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. research analysts anticipate that Box will post -1.01 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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