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

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Box, Inc. (NYSE:BOX) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors raised its position in BOX by 1.0% in the 4th quarter. Captrust Financial Advisors now owns 38,231 shares of the software maker’s stock worth $1,190,000 after purchasing an additional 369 shares during the period. American International Group Inc. grew its holdings in BOX by 0.6% in the 2nd quarter. American International Group Inc. now owns 67,902 shares of the software maker’s stock worth $1,995,000 after acquiring an additional 407 shares during the last quarter. Metropolitan Life Insurance Co NY increased its position in shares of BOX by 4.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,823 shares of the software maker’s stock valued at $275,000 after acquiring an additional 408 shares during the period. Profund Advisors LLC raised its stake in shares of BOX by 1.7% during the first quarter. Profund Advisors LLC now owns 25,867 shares of the software maker’s stock valued at $693,000 after acquiring an additional 420 shares during the last quarter. Finally, Pathstone Family Office LLC boosted its holdings in shares of BOX by 2.1% during the third quarter. Pathstone Family Office LLC now owns 24,571 shares of the software maker’s stock worth $599,000 after purchasing an additional 497 shares during the period. Hedge funds and other institutional investors own 87.90% of the company’s stock.

BOX Price Performance

Shares of NYSE:BOX opened at $26.12 on Tuesday. The business has a fifty day moving average price of $24.96 and a 200-day moving average price of $27.59. The company has a market capitalization of $3.76 billion, a PE ratio of 137.48, a PEG ratio of 14.92 and a beta of 0.95. Box, Inc. has a 1-year low of $23.57 and a 1-year high of $34.98.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 29th. The software maker reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $261.43 million for the quarter, compared to the consensus estimate of $261.32 million. BOX had a net margin of 4.86% and a negative return on equity of 6.51%. BOX’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. On average, sell-side analysts anticipate that Box, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Aaron Levie sold 10,000 shares of the company’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 transaction, the chief executive officer now directly owns 3,068,653 shares of the company’s stock, valued at $78,864,382.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $25.70, for a total value of $257,000.00. Following the sale, the chief executive officer now owns 3,068,653 shares in the company, valued at $78,864,382.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eli Berkovitch sold 5,000 shares of BOX stock in a transaction 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 completion of the sale, the vice president now directly owns 147,290 shares of the company’s stock, valued at approximately $3,739,693.10. The disclosure for this sale can be found here. Insiders sold a total of 54,000 shares of company stock worth $1,380,270 in the last three months. Insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on BOX shares. Citigroup lowered their price target on BOX from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, August 30th. JPMorgan Chase & Co. decreased their target price on BOX from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. KeyCorp cut their price target on shares of BOX from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, August 30th. Morgan Stanley decreased their price objective 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. Finally, Oppenheimer restated an “outperform” rating and issued a $35.00 price objective on shares of BOX in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.25.

About BOX

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.