Advisory Research Inc. maintained its position in Box, Inc. (NYSE:BOX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,154 shares of the software maker’s stock at the close of the 2nd quarter. Advisory Research Inc. owned 0.09% of Box worth $2,009,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Box by 79.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after purchasing an additional 3,521,030 shares in the last quarter. Bares Capital Management Inc. boosted its stake in Box by 2.7% in the 1st quarter. Bares Capital Management Inc. now owns 5,926,050 shares of the software maker’s stock worth $96,654,000 after buying an additional 157,644 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Box by 3,627.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock worth $63,162,000 after buying an additional 3,369,948 shares during the last quarter. First Trust Advisors LP boosted its stake in Box by 32.2% in the 2nd quarter. First Trust Advisors LP now owns 2,859,338 shares of the software maker’s stock worth $52,154,000 after buying an additional 697,214 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Box by 62.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock worth $45,786,000 after buying an additional 965,800 shares during the last quarter. Hedge funds and other institutional investors own 57.37% of the company’s stock.

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Several research firms have recently weighed in on BOX. Stifel Nicolaus reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Box in a research note on Wednesday, August 16th. UBS AG raised Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research report on Monday, September 25th. Rosenblatt Securities restated a “buy” rating and set a $25.00 price objective on shares of Box in a report on Friday, September 1st. Drexel Hamilton restated a “buy” rating and set a $28.00 price objective on shares of Box in a report on Monday, August 28th. Finally, Canaccord Genuity restated a “buy” rating and set a $24.00 price objective on shares of Box in a report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.32.

Box, Inc. (NYSE:BOX) traded up 0.495% during trading on Thursday, reaching $19.295. The company’s stock had a trading volume of 149,918 shares. Box, Inc. has a 52-week low of $13.56 and a 52-week high of $20.91. The stock’s market cap is $2.58 billion. The firm’s 50-day moving average is $18.65 and its 200-day moving average is $18.65.

Box (NYSE:BOX) last issued its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million during the quarter, compared to analysts’ expectations of $121.75 million. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) earnings per share. Equities research analysts forecast that Box, Inc. will post ($0.45) EPS for the current year.

In other news, Director Rory O’driscoll sold 115,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $18.08, for a total transaction of $2,079,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $19.06, for a total transaction of $247,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 999,534 shares of company stock valued at $18,684,231. Company insiders own 22.30% of the company’s stock.

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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Institutional Ownership by Quarter for Box (NYSE:BOX)

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