Cambridge Investment Research Advisors Inc. bought a new position in shares of Box (NYSE:BOX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,774 shares of the software maker’s stock, valued at approximately $228,000.
A number of other hedge funds have also bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new stake in BOX during the fourth quarter worth $227,000. Banco de Sabadell S.A acquired a new stake in shares of BOX in the fourth quarter valued at $228,000. Sterling Capital Management LLC grew its stake in shares of BOX by 95.5% in the fourth quarter. Sterling Capital Management LLC now owns 233,117 shares of the software maker’s stock valued at $4,923,000 after buying an additional 113,894 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of BOX in the fourth quarter valued at $781,000. Finally, Lyon Street Capital LLC grew its stake in shares of BOX by 20.0% in the fourth quarter. Lyon Street Capital LLC now owns 150,000 shares of the software maker’s stock valued at $3,168,000 after buying an additional 25,000 shares in the last quarter. 73.79% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on BOX. DA Davidson began coverage on BOX in a research note on Thursday, February 15th. They issued a “buy” rating and a $25.00 price objective for the company. Monness Crespi & Hardt began coverage on BOX in a research note on Wednesday, April 11th. They issued a “neutral” rating for the company. Zacks Investment Research cut BOX from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Vetr raised BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 price objective for the company in a research note on Tuesday, February 27th. Finally, ValuEngine raised BOX from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.40.
NYSE:BOX opened at $21.28 on Thursday. The firm has a market capitalization of $2,874.04, a P/E ratio of -18.34 and a beta of 1.14. Box has a 12-month low of $16.76 and a 12-month high of $24.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 4.48.
BOX (NYSE:BOX) last released its earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $136.70 million during the quarter, compared to analyst estimates of $136.61 million. BOX had a negative return on equity of 433.21% and a negative net margin of 30.62%. BOX’s revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. equities research analysts predict that Box will post -1.01 earnings per share for the current year.
In related news, Director Daniel J. Levin sold 100,000 shares of BOX stock in a transaction on Monday, April 16th. The stock was sold at an average price of $20.87, for a total value of $2,087,000.00. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $120,837.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter M. Mcgoff sold 2,079 shares of BOX stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $21.13, for a total value of $43,929.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 285,079 shares of company stock valued at $5,935,989. 20.59% of the stock is currently owned by company insiders.
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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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