CenterBook Partners LP Acquires 174,104 Shares of Box, Inc. (NYSE:BOX)

CenterBook Partners LP boosted its holdings in shares of Box, Inc. (NYSE:BOX) by 336.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,818 shares of the software maker’s stock after buying an additional 174,104 shares during the quarter. BOX makes up approximately 0.9% of CenterBook Partners LP’s investment portfolio, making the stock its 18th biggest holding. CenterBook Partners LP owned about 0.16% of BOX worth $6,050,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Fairfield Bush & CO. bought a new position in BOX in the first quarter worth about $29,000. Altshuler Shaham Ltd acquired a new stake in BOX in the first quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in BOX by 102.8% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,304 shares of the software maker’s stock valued at $34,000 after acquiring an additional 661 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of BOX during the 1st quarter valued at $46,000. Finally, Spire Wealth Management lifted its holdings in shares of BOX by 71.5% during the 1st quarter. Spire Wealth Management now owns 1,887 shares of the software maker’s stock valued at $51,000 after purchasing an additional 787 shares during the last quarter. 87.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BOX

In other BOX news, Director Jack R. Lazar sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $29.95, for a total value of $149,750.00. Following the completion of the transaction, the director now directly owns 21,555 shares of the company’s stock, valued at $645,572.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jack R. Lazar sold 5,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $29.95, for a total transaction of $149,750.00. Following the sale, the director now directly owns 21,555 shares of the company’s stock, valued at approximately $645,572.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $30.65, for a total transaction of $398,450.00. Following the sale, the chief financial officer now directly owns 1,520,165 shares in the company, valued at $46,593,057.25. The disclosure for this sale can be found here. Insiders have sold 44,000 shares of company stock worth $1,295,430 over the last quarter. 4.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BOX shares. StockNews.com began coverage on BOX in a research report on Thursday, August 17th. They set a “strong-buy” rating on the stock. Craig Hallum cut shares of BOX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Oppenheimer reiterated an “outperform” rating and issued a $35.00 target price on shares of BOX in a research note on Wednesday, August 30th. JPMorgan Chase & Co. decreased their price target on shares of BOX from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. Finally, Morgan Stanley decreased their price target on shares of BOX from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, BOX has an average rating of “Moderate Buy” and an average price target of $32.25.

BOX Stock Performance

Shares of BOX stock traded down $0.10 during trading on Friday, hitting $25.84. 1,342,145 shares of the company’s stock were exchanged, compared to its average volume of 1,805,244. The business has a 50-day simple moving average of $29.70 and a 200-day simple moving average of $28.43. Box, Inc. has a 52-week low of $24.00 and a 52-week high of $34.98. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 136.01, a PEG ratio of 14.41 and a beta of 1.03.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 29th. The software maker reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $261.43 million for the quarter, compared to the consensus estimate of $261.32 million. BOX had a negative return on equity of 6.51% and a net margin of 4.86%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. On average, equities analysts anticipate that Box, Inc. will post 0.09 earnings per share for the current fiscal year.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.