Cambridge Investment Research Advisors Inc. acquired a new stake in Box Inc (NYSE:BOX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,026 shares of the software maker’s stock, valued at approximately $400,000.
Several other hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of BOX by 31.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 672,196 shares of the software maker’s stock valued at $16,799,000 after purchasing an additional 162,054 shares in the last quarter. US Bancorp DE increased its stake in shares of BOX by 483.5% in the 2nd quarter. US Bancorp DE now owns 12,714 shares of the software maker’s stock valued at $317,000 after purchasing an additional 10,535 shares in the last quarter. CIBC World Markets Inc. purchased a new position in shares of BOX in the 2nd quarter valued at about $201,000. Prospera Financial Services Inc purchased a new position in shares of BOX in the 2nd quarter valued at about $250,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of BOX in the 2nd quarter valued at about $223,000. 67.08% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on BOX shares. First Analysis started coverage on BOX in a research note on Friday, July 20th. They issued an “overweight” rating and a $32.00 price target for the company. Rosenblatt Securities restated a “hold” rating and issued a $25.00 price target on shares of BOX in a research note on Sunday, August 26th. JMP Securities restated an “outperform” rating and issued a $32.00 price target on shares of BOX in a research note on Wednesday, August 29th. DA Davidson cut their price objective on BOX from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, August 29th. Finally, ValuEngine lowered BOX from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $27.00.
In other news, CFO Dylan C. Smith sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $25.85, for a total transaction of $387,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dana L. Evan sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $23.89, for a total value of $286,680.00. Following the transaction, the director now owns 117,251 shares in the company, valued at $2,801,126.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 272,000 shares of company stock worth $6,760,280. Insiders own 8.51% of the company’s stock.
NYSE:BOX traded up $0.36 during trading hours on Friday, hitting $19.21. 3,179,861 shares of the stock were exchanged, compared to its average volume of 3,501,749. Box Inc has a 52-week low of $17.53 and a 52-week high of $29.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.04. The firm has a market cap of $3.39 billion, a P/E ratio of -16.56 and a beta of 1.10.
BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 28th. The software maker reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company had revenue of $148.20 million during the quarter, compared to analyst estimates of $146.58 million. BOX had a negative return on equity of 488.70% and a negative net margin of 27.10%. BOX’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) EPS. On average, research analysts forecast that Box Inc will post -0.95 earnings per share for the current year.
Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or 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.
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