18,604 Shares in Box, Inc. (BOX) Acquired by Dupont Capital Management Corp
Dupont Capital Management Corp bought a new stake in Box, Inc. (NYSE:BOX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,604 shares of the software maker’s stock, valued at approximately $359,000.
Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. increased its holdings in Box by 81.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after buying an additional 3,092 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in Box in the second quarter valued at $155,000. BNP Paribas Arbitrage SA increased its holdings in Box by 843.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after buying an additional 8,749 shares during the last quarter. StepStone Group LP purchased a new position in Box in the second quarter valued at $180,000. Finally, Amalgamated Bank purchased a new position in Box in the second quarter valued at $183,000. 59.21% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Rory O’driscoll sold 3,600 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total value of $66,636.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Levin sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $19.95, for a total transaction of $997,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,534 shares of company stock valued at $17,924,531. 20.59% of the stock is owned by insiders.
Several equities analysts have issued reports on BOX shares. Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 price objective on shares of Box in a report on Monday, August 28th. Canaccord Genuity raised their price objective on Box from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price objective on shares of Box in a report on Friday, September 1st. Mitsubishi UFJ Financial Group raised Box to an “overweight” rating and raised their price objective for the stock from $23.00 to $24.00 in a report on Thursday, August 31st. Finally, BidaskClub lowered Box from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Box currently has an average rating of “Buy” and an average price target of $23.40.
Shares of Box, Inc. (NYSE BOX) opened at $22.03 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.02 and a quick ratio of 1.02. Box, Inc. has a 12-month low of $13.56 and a 12-month high of $22.27.
Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. equities research analysts expect that Box, Inc. will post -1.15 EPS for the current fiscal year.
Box Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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