Sterling Capital Management LLC raised its position in Box, Inc. (NYSE:BOX) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,223 shares of the software maker’s stock after purchasing an additional 16,462 shares during the quarter. Sterling Capital Management LLC owned 0.09% of BOX worth $2,303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BOX. Vanguard Group Inc. raised its position in BOX by 79.0% in the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after purchasing an additional 3,521,030 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of BOX by 3,627.5% during the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock worth $63,162,000 after acquiring an additional 3,369,948 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in shares of BOX during the second quarter worth about $32,382,000. JPMorgan Chase & Co. raised its position in shares of BOX by 3,041.0% during the second quarter. JPMorgan Chase & Co. now owns 1,366,608 shares of the software maker’s stock worth $24,927,000 after acquiring an additional 1,323,099 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of BOX by 62.5% during the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock worth $45,786,000 after acquiring an additional 965,800 shares during the last quarter. Hedge funds and other institutional investors own 63.42% of the company’s stock.

Shares of Box, Inc. (NYSE BOX) opened at $21.19 on Monday. Box, Inc. has a one year low of $13.56 and a one year high of $24.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.02.

BOX (NYSE:BOX) last released its earnings results on Wednesday, November 29th. The software maker reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). BOX had a negative return on equity of 313.90% and a negative net margin of 33.20%. The business had revenue of $129.30 million during the quarter, compared to analysts’ expectations of $128.67 million. During the same quarter last year, the firm posted ($0.14) earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. sell-side analysts anticipate that Box, Inc. will post -1.17 earnings per share for the current fiscal year.

In related news, Director Rory O’driscoll sold 115,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $18.08, for a total transaction of $2,079,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Josh Stein sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $20.73, for a total value of $518,250.00. The disclosure for this sale can be found here. Insiders have sold 1,520,090 shares of company stock valued at $29,803,708 in the last ninety days. 22.30% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on BOX shares. BidaskClub upgraded BOX from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and set a $28.00 price objective on shares of BOX in a research report on Monday, November 27th. Raymond James Financial upgraded BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company 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 research report on Monday, October 9th. Finally, Canaccord Genuity restated a “buy” rating and set a $25.00 price objective on shares of BOX in a research report on Thursday, November 30th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.24.

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About BOX

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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