Beverly Hills Private Wealth LLC lifted its holdings in Box, Inc. (NYSE:BOX – Free Report) by 104.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,273 shares of the software maker’s stock after purchasing an additional 19,051 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in BOX were worth $1,140,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of BOX. Level Four Advisory Services LLC acquired a new position in shares of BOX in the first quarter valued at approximately $331,000. Aristotle Capital Boston LLC lifted its position in BOX by 3.0% in the 1st quarter. Aristotle Capital Boston LLC now owns 1,465,101 shares of the software maker’s stock valued at $39,250,000 after acquiring an additional 42,515 shares in the last quarter. Olympiad Research LP bought a new stake in BOX in the 2nd quarter valued at $362,000. Bank of New York Mellon Corp boosted its stake in BOX by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 959,907 shares of the software maker’s stock worth $28,202,000 after purchasing an additional 35,708 shares during the period. Finally, Valmark Advisers Inc. increased its holdings in BOX by 6.5% during the 2nd quarter. Valmark Advisers Inc. now owns 40,398 shares of the software maker’s stock worth $1,187,000 after purchasing an additional 2,466 shares in the last quarter. 87.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on BOX. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Craig Hallum cut BOX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Citigroup decreased their price target on shares of BOX from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 30th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Thursday, October 12th. Finally, Morgan Stanley reduced their target price 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 analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.
BOX Trading Up 3.0 %
NYSE BOX opened at $26.27 on Wednesday. Box, Inc. has a 12 month low of $23.57 and a 12 month high of $34.98. The stock has a 50 day moving average of $24.95 and a 200-day moving average of $27.60. The company has a market cap of $3.78 billion, a PE ratio of 138.27, a PEG ratio of 14.63 and a beta of 0.95.
BOX (NYSE:BOX – Get Free Report) last announced its quarterly earnings results on Tuesday, August 29th. The software maker reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. BOX had a net margin of 4.86% and a negative return on equity of 6.51%. The firm had revenue of $261.43 million during the quarter, compared to analysts’ expectations of $261.32 million. During the same quarter last year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Box, Inc. will post 0.09 EPS for the current fiscal year.
Insider Activity at BOX
In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $25.88, for a total transaction of $336,440.00. Following the transaction, the chief financial officer now owns 1,507,165 shares of the company’s stock, valued at $39,005,430.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $25.70, for a total transaction of $257,000.00. Following the completion of the sale, the chief executive officer now owns 3,068,653 shares of the company’s stock, valued at approximately $78,864,382.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $25.88, for a total transaction of $336,440.00. Following the completion of the transaction, the chief financial officer now owns 1,507,165 shares in the company, valued at $39,005,430.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,000 shares of company stock worth $1,380,270. Insiders own 4.90% of the company’s stock.
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.
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