Box, Inc. (BOX) Shares Bought by Swiss National Bank
Swiss National Bank grew its position in shares of Box, Inc. (NYSE:BOX) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,300 shares of the software maker’s stock after purchasing an additional 15,000 shares during the period. Swiss National Bank owned about 0.08% of Box worth $1,811,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of BOX. Two Sigma Securities LLC bought a new stake in Box during the first quarter worth about $177,000. BNP Paribas Arbitrage SA lifted its stake in Box by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock worth $178,000 after purchasing an additional 8,749 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Box during the second quarter worth about $199,000. Fortaleza Asset Management Inc. lifted its stake in Box by 86.1% during the second quarter. Fortaleza Asset Management Inc. now owns 11,615 shares of the software maker’s stock worth $212,000 after purchasing an additional 5,375 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Box during the first quarter worth about $222,000. 57.37% of the stock is owned by hedge funds and other institutional investors.
In other Box 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, COO Daniel J. Levin sold 40,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $18.93, for a total transaction of $757,200.00. Following the completion of the sale, the chief operating officer now directly owns 3,752 shares of the company’s stock, valued at approximately $71,025.36. The disclosure for this sale can be found here. In the last three months, insiders sold 986,534 shares of company stock valued at $18,436,451. 22.30% of the stock is owned by insiders.
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BOX has been the subject of several research analyst reports. Drexel Hamilton reaffirmed a “buy” rating and set a $28.00 price target on shares of Box in a research note on Monday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $25.00 price target on shares of Box in a research note on Monday, June 26th. Mitsubishi UFJ Financial Group raised Box to an “overweight” rating and lifted their price target for the stock from $23.00 to $24.00 in a research note on Thursday, August 31st. BidaskClub lowered Box from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $22.00 price target on shares of Box in a research note on Sunday, September 3rd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Box has a consensus rating of “Buy” and an average target price of $23.32.
Box, Inc. (NYSE:BOX) opened at 19.23 on Friday. The stock’s market cap is $2.57 billion. Box, Inc. has a one year low of $13.56 and a one year high of $19.44. The company’s 50-day moving average price is $18.57 and its 200-day moving average price is $18.57.
Box (NYSE:BOX) last announced its quarterly earnings data on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The business 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 quarterly 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. Analysts forecast that Box, Inc. will post ($0.45) EPS for the current fiscal year.
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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