Box, Inc. (NYSE:BOX) Stake Raised by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its holdings in shares of Box, Inc. (NYSE:BOX) by 92.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,684 shares of the software maker’s stock after buying an additional 165,352 shares during the period. CANADA LIFE ASSURANCE Co owned 0.24% of BOX worth $9,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cornercap Investment Counsel Inc. raised its holdings in shares of BOX by 2.1% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock valued at $466,000 after buying an additional 376 shares during the last quarter. Renaissance Group LLC raised its holdings in shares of BOX by 1.0% during the fourth quarter. Renaissance Group LLC now owns 70,731 shares of the software maker’s stock valued at $1,812,000 after buying an additional 671 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of BOX by 14.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock valued at $154,000 after buying an additional 782 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of BOX by 9.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,661 shares of the software maker’s stock valued at $247,000 after buying an additional 841 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of BOX by 17.0% during the fourth quarter. Blue Trust Inc. now owns 6,165 shares of the software maker’s stock valued at $149,000 after buying an additional 897 shares during the last quarter. Institutional investors own 86.74% of the company’s stock.

BOX Stock Up 4.1 %

BOX stock opened at $27.70 on Friday. The company’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $26.73. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The stock has a market cap of $4.00 billion, a P/E ratio of 37.95, a P/E/G ratio of 7.19 and a beta of 0.86.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. The business had revenue of $264.66 million for the quarter, compared to analysts’ expectations of $261.65 million. On average, equities research analysts expect that Box, Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total transaction of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Eli Berkovitch sold 3,300 shares of BOX stock in a transaction on Friday, June 14th. The shares were sold at an average price of $25.90, for a total value of $85,470.00. Following the completion of the sale, the vice president now owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total transaction of $324,610.00. Following the completion of the sale, the chief financial officer now directly owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The disclosure for this sale can be found here. Insiders have sold a total of 59,560 shares of company stock worth $1,543,830 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BOX shares. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. UBS Group dropped their target price on BOX from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, May 29th. Oppenheimer reissued an “outperform” rating and set a $35.00 target price on shares of BOX in a report on Wednesday, May 29th. Finally, Morgan Stanley decreased their price target on shares of BOX from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.33.

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.