Mackenzie Financial Corp Increases Stock Position in Box, Inc. (NYSE:BOX)

Mackenzie Financial Corp grew its stake in shares of Box, Inc. (NYSE:BOX) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 352,422 shares of the software maker’s stock after buying an additional 15,170 shares during the period. Mackenzie Financial Corp owned 0.25% of BOX worth $9,026,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BOX. Fairfield Bush & CO. purchased a new stake in shares of BOX during the 1st quarter valued at $29,000. Quarry LP boosted its position in BOX by 318.2% during the 1st quarter. Quarry LP now owns 1,330 shares of the software maker’s stock worth $36,000 after purchasing an additional 1,012 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in BOX during the 3rd quarter worth $38,000. Point72 Middle East FZE purchased a new stake in BOX during the 4th quarter worth $68,000. Finally, Tower Research Capital LLC TRC boosted its position in BOX by 201.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,754 shares of the software maker’s stock worth $74,000 after purchasing an additional 1,840 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Price Performance

NYSE:BOX opened at $26.68 on Friday. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $31.94. The firm has a 50-day moving average of $27.48 and a two-hundred day moving average of $26.20. The stock has a market cap of $3.85 billion, a P/E ratio of 39.81, a PEG ratio of 8.90 and a beta of 0.84.

BOX (NYSE:BOX) last issued its quarterly earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The business had revenue of $262.88 million for the quarter, compared to analysts’ expectations of $262.92 million. As a group, equities analysts expect that Box, Inc. will post 0.15 earnings per share for the current year.

Insider Transactions at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $27.47, for a total transaction of $357,110.00. Following the transaction, the chief financial officer now owns 1,408,702 shares of the company’s stock, valued at $38,697,043.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BOX news, CEO Aaron Levie sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total value of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at $89,843,803.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $27.47, for a total transaction of $357,110.00. Following the completion of the transaction, the chief financial officer now directly owns 1,408,702 shares in the company, valued at approximately $38,697,043.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,660 shares of company stock valued at $3,792,204. Insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BOX. JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price target on shares of BOX in a research report on Wednesday, March 20th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. Citigroup upped their price target on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. TheStreet raised shares of BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. Finally, UBS Group upped their price target on shares of BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.89.

BOX Company 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.