Cubist Systematic Strategies LLC increased its stake in shares of Box Inc (NYSE:BOX) by 2,892.5% in the second quarter, HoldingsChannel.com reports. The firm owned 25,586 shares of the software maker’s stock after buying an additional 24,731 shares during the period. Cubist Systematic Strategies LLC’s holdings in BOX were worth $639,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new position in shares of BOX during the 2nd quarter worth approximately $250,000. Essex Investment Management Co. LLC purchased a new position in shares of BOX during the 2nd quarter worth approximately $223,000. Strs Ohio boosted its position in shares of BOX by 13.6% during the 2nd quarter. Strs Ohio now owns 60,800 shares of the software maker’s stock worth $1,519,000 after purchasing an additional 7,300 shares during the period. CIBC World Markets Inc. purchased a new position in shares of BOX during the 2nd quarter worth approximately $201,000. Finally, Brown Advisory Inc. purchased a new position in shares of BOX during the 2nd quarter worth approximately $1,678,000. 67.08% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Dana L. Evan sold 15,000 shares of the firm’s stock in a transaction on Friday, July 6th. The shares were sold at an average price of $26.11, for a total value of $391,650.00. Following the sale, the director now directly owns 123,251 shares in the company, valued at approximately $3,218,083.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rory O’driscoll sold 500,000 shares of the firm’s stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $26.35, for a total transaction of $13,175,000.00. Following the completion of the sale, the director now owns 9,081 shares in the company, valued at $239,284.35. The disclosure for this sale can be found here. Insiders sold a total of 790,000 shares of company stock worth $20,436,550 over the last 90 days. Company insiders own 8.51% of the company’s stock.

BOX has been the topic of a number of research reports. Rosenblatt Securities reiterated a “hold” rating and set a $25.00 target price on shares of BOX in a report on Sunday, August 26th. MED increased their target price on shares of BOX to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, May 30th. JMP Securities reiterated an “outperform” rating and set a $32.00 target price on shares of BOX in a report on Wednesday, August 29th. DA Davidson reduced their target price on shares of BOX from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, August 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of BOX from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 31st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $27.21.

BOX stock opened at $23.81 on Tuesday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -20.53 and a beta of 1.09. Box Inc has a 52-week low of $17.53 and a 52-week high of $29.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.04.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 28th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The company had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.58 million. BOX had a negative net margin of 27.10% and a negative return on equity of 488.70%. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. equities analysts expect that Box Inc will post -0.95 earnings per share for the current fiscal year.

BOX Company Profile

Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or 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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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