Kessler Investment Group LLC reduced its stake in shares of Box Inc (NYSE:BOX) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,408 shares of the software maker’s stock after selling 3,162 shares during the quarter. BOX accounts for approximately 1.1% of Kessler Investment Group LLC’s holdings, making the stock its 22nd largest holding. Kessler Investment Group LLC’s holdings in BOX were worth $868,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc increased its holdings in BOX by 7.3% during the 3rd quarter. Vanguard Group Inc now owns 13,567,400 shares of the software maker’s stock worth $324,397,000 after purchasing an additional 919,030 shares during the last quarter. Vanguard Group Inc. increased its holdings in BOX by 7.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,567,400 shares of the software maker’s stock worth $324,397,000 after purchasing an additional 919,030 shares during the last quarter. BlackRock Inc. increased its holdings in BOX by 0.5% during the 3rd quarter. BlackRock Inc. now owns 9,233,021 shares of the software maker’s stock worth $220,760,000 after purchasing an additional 47,843 shares during the last quarter. First Trust Advisors LP increased its holdings in BOX by 24.9% during the 3rd quarter. First Trust Advisors LP now owns 5,527,997 shares of the software maker’s stock worth $132,174,000 after purchasing an additional 1,103,627 shares during the last quarter. Finally, Morgan Stanley increased its holdings in BOX by 270.9% during the 2nd quarter. Morgan Stanley now owns 1,633,710 shares of the software maker’s stock worth $40,826,000 after purchasing an additional 1,193,210 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.
NYSE:BOX traded down $0.07 during midday trading on Friday, reaching $19.09. 39,269 shares of the company traded hands, compared to its average volume of 2,254,880. Box Inc has a twelve month low of $15.64 and a twelve month high of $29.79. The firm has a market capitalization of $2.77 billion, a P/E ratio of -16.48 and a beta of 1.36. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.90 and a quick ratio of 0.90.
BOX (NYSE:BOX) last released its quarterly earnings data on Wednesday, November 28th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.01. BOX had a negative return on equity of 482.42% and a negative net margin of 25.39%. The business had revenue of $155.94 million during the quarter, compared to analyst estimates of $154.58 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. Research analysts anticipate that Box Inc will post -0.99 EPS for the current fiscal year.
Several research firms have issued reports on BOX. Zacks Investment Research downgraded BOX from a “hold” rating to a “sell” rating in a report on Monday, December 3rd. Morgan Stanley decreased their target price on BOX from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. William Blair began coverage on BOX in a research report on Tuesday, December 11th. They issued an “outperform” rating for the company. JMP Securities decreased their target price on BOX from $32.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Deutsche Bank began coverage on BOX in a research report on Monday, October 8th. They issued a “hold” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.00.
In related news, Director Daniel J. Levin sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $18.90, for a total transaction of $567,000.00. Following the completion of the transaction, the director now owns 5,790 shares in the company, valued at approximately $109,431. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 90,000 shares of company stock valued at $1,701,000 in the last 90 days. Insiders own 8.51% of the company’s stock.
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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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