Mirae Asset Global Investments Co. Ltd. Boosts Stake in Box, Inc. (NYSE:BOX)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Box, Inc. (NYSE:BOX) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 889,413 shares of the software maker’s stock after purchasing an additional 6,649 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in BOX were worth $26,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in BOX. Nicholas Investment Partners LP raised its position in BOX by 41.6% during the second quarter. Nicholas Investment Partners LP now owns 137,001 shares of the software maker’s stock valued at $4,025,000 after purchasing an additional 40,250 shares in the last quarter. Moors & Cabot Inc. bought a new stake in BOX in the 2nd quarter worth approximately $202,000. Charles Schwab Investment Management Inc. boosted its stake in BOX by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,237,581 shares of the software maker’s stock worth $36,360,000 after buying an additional 31,723 shares in the last quarter. Beverly Hills Private Wealth LLC raised its position in BOX by 104.5% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 37,273 shares of the software maker’s stock worth $1,140,000 after purchasing an additional 19,051 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of BOX by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,178,537 shares of the software maker’s stock valued at $64,005,000 after purchasing an additional 109,397 shares during the period. Hedge funds and other institutional investors own 87.90% of the company’s stock.

Insider Activity

In related news, VP Eli Berkovitch sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $25.39, for a total value of $126,950.00. Following the transaction, the vice president now directly owns 147,290 shares of the company’s stock, valued at approximately $3,739,693.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $25.30, for a total value of $328,900.00. Following the completion of the sale, the chief financial officer now directly owns 1,464,437 shares in the company, valued at $37,050,256.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eli Berkovitch sold 5,000 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $25.39, for a total transaction of $126,950.00. Following the transaction, the vice president now owns 147,290 shares in the company, valued at approximately $3,739,693.10. The disclosure for this sale can be found here. Insiders have sold a total of 54,000 shares of company stock worth $1,380,270 over the last 90 days. 4.90% of the stock is currently owned by insiders.

BOX Trading Up 1.2 %

BOX stock opened at $26.12 on Tuesday. Box, Inc. has a 12 month low of $23.57 and a 12 month high of $34.98. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 137.48, a price-to-earnings-growth ratio of 14.92 and a beta of 0.95. The business’s fifty day simple moving average is $24.96 and its two-hundred day simple moving average is $27.59.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on BOX shares. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Morgan Stanley cut their target price on BOX from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 30th. KeyCorp dropped their price objective on BOX from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. JMP Securities reiterated a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a research report on Wednesday, August 30th. Finally, Citigroup dropped their price target on BOX from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and an average target price of $32.25.

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 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.