Algert Global LLC Increases Holdings in Box, Inc. (NYSE:BOX)

Algert Global LLC grew its stake in Box, Inc. (NYSE:BOX) by 80.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,390 shares of the software maker’s stock after buying an additional 62,540 shares during the period. Algert Global LLC owned 0.10% of BOX worth $4,595,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. American International Group Inc. increased its position in BOX by 8.6% in the 1st quarter. American International Group Inc. now owns 76,185 shares of the software maker’s stock valued at $2,158,000 after acquiring an additional 6,062 shares during the period. Lazard Asset Management LLC lifted its stake in shares of BOX by 358.3% during the first quarter. Lazard Asset Management LLC now owns 7,842 shares of the software maker’s stock valued at $221,000 after buying an additional 6,131 shares during the period. Tidal Investments LLC purchased a new position in shares of BOX during the 1st quarter worth $391,000. Comerica Bank boosted its stake in BOX by 964.7% in the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock worth $2,409,000 after buying an additional 77,090 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of BOX in the first quarter worth approximately $1,096,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

BOX Stock Performance

Shares of BOX opened at $34.28 on Monday. The stock has a 50 day simple moving average of $32.77 and a 200 day simple moving average of $29.42. The firm has a market capitalization of $4.91 billion, a PE ratio of 43.39 and a beta of 0.85. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.07.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Equities research analysts predict that Box, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $32.52, for a total value of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares in the company, valued at approximately $47,951,032.68. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the transaction, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,500 shares of company stock worth $1,939,895 over the last three months. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

BOX has been the subject of several research analyst reports. Royal Bank of Canada restated an “underperform” rating and set a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. William Blair reaffirmed an “outperform” rating on shares of BOX in a report on Thursday, November 14th. Morgan Stanley lifted their target price on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Finally, UBS Group increased their price target on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.22.

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 work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.