Stratos Wealth Partners LTD. Acquires New Position in Box, Inc. (NYSE:BOX)

Stratos Wealth Partners LTD. acquired a new stake in Box, Inc. (NYSE:BOX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,161 shares of the software maker’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in BOX by 0.7% in the third quarter. Rhumbline Advisers now owns 205,861 shares of the software maker’s stock valued at $4,984,000 after buying an additional 1,347 shares in the last quarter. Burney Co. increased its holdings in BOX by 19.0% in the third quarter. Burney Co. now owns 296,958 shares of the software maker’s stock valued at $7,189,000 after buying an additional 47,421 shares in the last quarter. Earnest Partners LLC increased its holdings in BOX by 1.2% in the third quarter. Earnest Partners LLC now owns 6,132,385 shares of the software maker’s stock valued at $148,465,000 after buying an additional 70,129 shares in the last quarter. Hsbc Holdings PLC increased its holdings in BOX by 406.6% in the third quarter. Hsbc Holdings PLC now owns 154,320 shares of the software maker’s stock valued at $3,744,000 after buying an additional 123,858 shares in the last quarter. Finally, CenterBook Partners LP increased its holdings in BOX by 102.9% in the third quarter. CenterBook Partners LP now owns 288,995 shares of the software maker’s stock valued at $6,997,000 after buying an additional 146,580 shares in the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Activity at BOX

In related news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other BOX news, Director Dana L. Evan sold 11,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.47, for a total value of $313,170.00. Following the transaction, the director now owns 116,535 shares in the company, valued at approximately $3,317,751.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $29.47, for a total transaction of $294,700.00. Following the completion of the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at approximately $89,843,803.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,660 shares of company stock worth $3,792,204. 4.90% of the stock is currently owned by corporate insiders.

BOX Stock Up 0.1 %

Shares of BOX opened at $26.30 on Wednesday. The firm has a market cap of $3.80 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 9.13 and a beta of 0.84. The company’s fifty day moving average is $27.52 and its two-hundred day moving average is $26.18. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $31.94.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. As a group, equities research analysts anticipate that Box, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BOX shares. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a report on Tuesday, March 5th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Citigroup raised their price objective on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. raised their price objective on shares of BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.89.

BOX Profile

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.