The Manufacturers Life Insurance Company boosted its stake in Box, Inc. (NYSE:BOX) by 55.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,778 shares of the software maker’s stock after acquiring an additional 21,944 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Box were worth $1,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BOX. UBS Asset Management Americas Inc. raised its holdings in Box by 95.8% in the first quarter. UBS Asset Management Americas Inc. now owns 20,753 shares of the software maker’s stock valued at $338,000 after acquiring an additional 10,153 shares in the last quarter. Teachers Advisors LLC raised its holdings in Box by 47.6% in the first quarter. Teachers Advisors LLC now owns 223,487 shares of the software maker’s stock valued at $3,645,000 after acquiring an additional 72,071 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Box by 26.4% in the first quarter. TIAA CREF Investment Management LLC now owns 275,938 shares of the software maker’s stock valued at $4,501,000 after acquiring an additional 57,614 shares in the last quarter. Vanguard Group Inc. raised its holdings in Box by 25.3% in the first quarter. Vanguard Group Inc. now owns 4,456,930 shares of the software maker’s stock valued at $72,693,000 after acquiring an additional 900,522 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Box by 21.8% in the first quarter. Geode Capital Management LLC now owns 424,197 shares of the software maker’s stock valued at $6,918,000 after acquiring an additional 76,002 shares in the last quarter. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Peter M. Mcgoff sold 80,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $18.52, for a total value of $1,481,600.00. Following the sale, the senior vice president now owns 286,135 shares of the company’s stock, valued at approximately $5,299,220.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Rory O’driscoll sold 233,066 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $18.41, for a total transaction of $4,290,745.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,534 shares of company stock worth $17,924,531. Corporate insiders own 22.30% of the company’s stock.

Several analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $22.00 price target on shares of Box in a report on Monday, October 16th. Canaccord Genuity upped their price target on shares of Box from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, October 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price target on shares of Box in a report on Monday, October 9th. Raymond James Financial, Inc. raised shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, September 25th. Finally, UBS AG raised shares of Box from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company 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 Friday. Box, Inc. has a twelve month low of $13.56 and a twelve month high of $22.27. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.02 and a current ratio of 1.02.

Box (NYSE:BOX) last released its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business had revenue of $122.94 million for the quarter, compared to analysts’ expectations of $121.75 million. During the same quarter last year, the company earned ($0.14) EPS. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. sell-side analysts expect that Box, Inc. will post -1.15 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Box (NYSE:BOX)

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