Wells Fargo & Company MN boosted its position in Box Inc (NYSE:BOX) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,527 shares of the software maker’s stock after buying an additional 22,805 shares during the quarter. Wells Fargo & Company MN owned approximately 0.35% of BOX worth $9,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of BOX. Capital Impact Advisors LLC boosted its stake in shares of BOX by 4.5% during the second quarter. Capital Impact Advisors LLC now owns 115,085 shares of the software maker’s stock valued at $2,020,000 after purchasing an additional 4,905 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of BOX during the second quarter valued at approximately $182,000. First Trust Advisors LP boosted its stake in shares of BOX by 29.5% during the second quarter. First Trust Advisors LP now owns 6,512,107 shares of the software maker’s stock valued at $114,678,000 after purchasing an additional 1,484,080 shares during the period. Falcon Point Capital LLC boosted its stake in shares of BOX by 1.7% during the second quarter. Falcon Point Capital LLC now owns 178,353 shares of the software maker’s stock valued at $3,141,000 after purchasing an additional 3,003 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of BOX during the second quarter valued at approximately $153,000. 72.31% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:BOX traded up $0.06 on Friday, hitting $17.70. 40,196 shares of the company traded hands, compared to its average volume of 3,573,248. Box Inc has a 52 week low of $12.46 and a 52 week high of $25.36. The company has a quick ratio of 0.83, a current ratio of 0.80 and a debt-to-equity ratio of 14.57. The stock has a 50 day simple moving average of $15.08 and a 200-day simple moving average of $18.09. The company has a market cap of $2.58 billion, a PE ratio of -18.44 and a beta of 1.39.
BOX (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 28th. The software maker reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.01. BOX had a negative return on equity of 491.54% and a negative net margin of 20.29%. The firm had revenue of $172.50 million during the quarter, compared to the consensus estimate of $169.49 million. During the same period last year, the company earned ($0.05) earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Box Inc will post -1 earnings per share for the current year.
In related news, Director Josh Stein sold 20,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $18.19, for a total transaction of $363,800.00. Following the sale, the director now directly owns 3,699 shares of the company’s stock, valued at $67,284.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company’s stock.
A number of research firms have recently weighed in on BOX. Raymond James dropped their price objective on BOX from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Morgan Stanley set a $17.00 price objective on BOX and gave the company a “hold” rating in a research note on Tuesday, June 4th. Wells Fargo & Co set a $20.00 price objective on BOX and gave the company a “buy” rating in a research note on Wednesday, September 4th. Canaccord Genuity lowered BOX from a “buy” rating to a “hold” rating and dropped their price target for the stock from $24.00 to $16.00 in a research note on Tuesday, June 4th. Finally, Zacks Investment Research raised BOX from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, June 6th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.40.
BOX Company Profile
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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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