Virtu Financial LLC Takes Position in Box, Inc. (NYSE:BOX)


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Virtu Financial LLC purchased a new stake in shares of Box, Inc. (NYSE:BOX) in the fourth quarter, Holdings Channel.com reports. The firm purchased 18,372 shares of the software maker’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eudaimonia Partners LLC bought a new stake in shares of BOX during the 3rd quarter worth $40,000. Paces Ferry Wealth Advisors LLC bought a new stake in shares of BOX during the 3rd quarter worth $73,000. Whittier Trust Co. lifted its holdings in shares of BOX by 100.0% during the 4th quarter. Whittier Trust Co. now owns 4,820 shares of the software maker’s stock worth $86,000 after acquiring an additional 2,410 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of BOX during the 3rd quarter worth $96,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of BOX by 18.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,880 shares of the software maker’s stock worth $106,000 after acquiring an additional 900 shares during the last quarter. 77.86% of the stock is owned by institutional investors.

Several research firms have weighed in on BOX. William Blair reissued an “outperform” rating on shares of BOX in a research note on Wednesday, March 3rd. KeyCorp boosted their price target on shares of BOX from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, March 29th. DA Davidson boosted their price target on shares of BOX from $18.00 to $25.00 in a research note on Tuesday, March 23rd. Finally, Oppenheimer reissued a “buy” rating and issued a $24.00 price target on shares of BOX in a research note on Wednesday, March 3rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. BOX currently has a consensus rating of “Buy” and an average price target of $24.75.

Shares of NYSE BOX opened at $24.27 on Thursday. Box, Inc. has a 1 year low of $14.57 and a 1 year high of $26.47. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50-day moving average is $21.12 and its 200 day moving average is $18.53. The stock has a market capitalization of $3.88 billion, a P/E ratio of -53.93 and a beta of 1.34.

BOX (NYSE:BOX) last announced its quarterly earnings results on Monday, March 1st. The software maker reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. BOX had a negative net margin of 9.12% and a negative return on equity of 124.79%. The company had revenue of $198.91 million for the quarter, compared to analysts’ expectations of $196.59 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. BOX’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that Box, Inc. will post -0.31 earnings per share for the current year.

In other BOX news, CFO Dylan C. Smith sold 30,000 shares of the company’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $21.16, for a total value of $634,800.00. Following the sale, the chief financial officer now owns 1,090,172 shares in the company, valued at $23,068,039.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 45,000 shares of the company’s stock in a transaction dated Wednesday, February 10th. The stock was sold at an average price of $18.30, for a total transaction of $823,500.00. Following the completion of the sale, the chief financial officer now owns 1,120,172 shares in the company, valued at approximately $20,499,147.60. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.

BOX Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on 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 to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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