Box, Inc. (NYSE:BOX) Holdings Lifted by Summit Creek Advisors LLC

Summit Creek Advisors LLC increased its position in shares of Box, Inc. (NYSE:BOXGet Rating) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,078,223 shares of the software maker’s stock after purchasing an additional 1,459 shares during the quarter. BOX makes up about 3.5% of Summit Creek Advisors LLC’s holdings, making the stock its biggest position. Summit Creek Advisors LLC owned approximately 0.75% of BOX worth $31,333,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its position in BOX by 7.1% in the first quarter. Teacher Retirement System of Texas now owns 31,065 shares of the software maker’s stock worth $903,000 after acquiring an additional 2,053 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of BOX in the first quarter valued at approximately $273,000. Great Lakes Advisors LLC raised its position in shares of BOX by 24.8% in the first quarter. Great Lakes Advisors LLC now owns 697,935 shares of the software maker’s stock valued at $20,282,000 after purchasing an additional 138,512 shares during the period. Fairfield Bush & CO. bought a new stake in shares of BOX in the first quarter valued at approximately $29,000. Finally, IndexIQ Advisors LLC bought a new stake in shares of BOX in the first quarter valued at approximately $406,000. Institutional investors own 87.42% of the company’s stock.

BOX Trading Down 0.1 %

Shares of NYSE BOX opened at $29.96 on Friday. The firm has a fifty day simple moving average of $26.55 and a two-hundred day simple moving average of $27.29. The firm has a market capitalization of $4.32 billion, a PE ratio of -93.63 and a beta of 1.14. Box, Inc. has a 12 month low of $22.18 and a 12 month high of $33.04.

BOX (NYSE:BOXGet Rating) last issued its quarterly earnings results on Wednesday, May 25th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The company had revenue of $238.40 million for the quarter, compared to the consensus estimate of $234.48 million. BOX’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) EPS. On average, sell-side analysts predict that Box, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

BOX has been the topic of a number of analyst reports. Craig Hallum decreased their target price on shares of BOX to $41.00 in a report on Thursday, May 26th. StockNews.com cut shares of BOX from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 18th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, BOX presently has an average rating of “Moderate Buy” and a consensus price target of $31.56.

Insider Activity at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $26.45, for a total transaction of $343,850.00. Following the sale, the chief financial officer now directly owns 1,395,137 shares of the company’s stock, valued at approximately $36,901,373.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $26.45, for a total transaction of $343,850.00. Following the sale, the chief financial officer now owns 1,395,137 shares of the company’s stock, valued at approximately $36,901,373.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $25.65, for a total transaction of $384,750.00. Following the sale, the chief financial officer now directly owns 1,447,315 shares in the company, valued at approximately $37,123,629.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,000 shares of company stock valued at $1,164,350. 5.20% of the stock is owned by insiders.

BOX Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for BOX (NYSE:BOX)

Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.