Moors & Cabot Inc. Takes Position in Box, Inc. (NYSE:BOX)

Moors & Cabot Inc. bought a new position in Box, Inc. (NYSE:BOX) in the 2nd quarter, Holdings Channel.com reports. The fund bought 6,890 shares of the software maker’s stock, valued at approximately $202,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of BOX by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 14,922,747 shares of the software maker’s stock valued at $363,967,000 after purchasing an additional 48,626 shares during the last quarter. RGM Capital LLC boosted its holdings in shares of BOX by 27.9% during the 1st quarter. RGM Capital LLC now owns 4,998,881 shares of the software maker’s stock valued at $133,920,000 after purchasing an additional 1,090,814 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of BOX by 4.9% during the 1st quarter. Macquarie Group Ltd. now owns 3,379,511 shares of the software maker’s stock valued at $90,537,000 after buying an additional 158,270 shares in the last quarter. State Street Corp raised its position in shares of BOX by 2.8% during the 1st quarter. State Street Corp now owns 3,051,147 shares of the software maker’s stock valued at $81,740,000 after buying an additional 82,813 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of BOX by 4.7% during the 1st quarter. Geode Capital Management LLC now owns 2,644,197 shares of the software maker’s stock valued at $70,838,000 after buying an additional 119,823 shares in the last quarter. Institutional investors own 87.90% of the company’s stock.

BOX Price Performance

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

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 29th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $261.43 million during 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%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. Research analysts expect that Box, Inc. will post 0.09 earnings per share for the current year.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $25.30, for a total transaction of $328,900.00. Following the completion of the sale, the chief financial officer now owns 1,464,437 shares of the company’s stock, valued at $37,050,256.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 value of $126,950.00. Following the completion of the sale, the vice president now owns 147,290 shares of the company’s stock, valued at approximately $3,739,693.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $25.30, for a total transaction of $328,900.00. Following the completion of the sale, the chief financial officer now directly owns 1,464,437 shares of the company’s stock, valued at approximately $37,050,256.10. The disclosure for this sale can be found here. Insiders sold 54,000 shares of company stock valued at $1,380,270 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BOX. Craig Hallum cut shares of BOX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Citigroup reduced their price objective on shares of BOX from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, August 30th. KeyCorp dropped their target price on shares of BOX from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 30th. JMP Securities reiterated a “market outperform” rating and set a $32.00 price objective on shares of BOX in a research note on Wednesday, August 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $35.00 target price on shares of BOX in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.