Mesirow Financial Investment Management Inc. Cuts Holdings in Box, Inc. (NYSE:BOX)

Mesirow Financial Investment Management Inc. lowered its holdings in Box, Inc. (NYSE:BOX) by 5.0% in the 2nd quarter, Holdings Channel reports. The firm owned 59,350 shares of the software maker’s stock after selling 3,150 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in BOX were worth $1,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BOX. TFO Wealth Partners LLC increased its holdings in BOX by 62,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after buying an additional 1,860 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares during the period. Quest Partners LLC purchased a new position in shares of BOX during the second quarter valued at approximately $95,000. Covestor Ltd lifted its position in BOX by 27.3% during the first quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock valued at $122,000 after purchasing an additional 924 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in BOX by 14.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock worth $154,000 after purchasing an additional 782 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BOX shares. Oppenheimer reiterated an “outperform” rating and set a $35.00 target price on shares of BOX in a research note on Wednesday, May 29th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Citigroup raised their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Morgan Stanley raised their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

Insider Transactions at BOX

In related news, VP Eli Berkovitch sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total value of $63,125.00. Following the completion of the transaction, the vice president now directly owns 147,232 shares of the company’s stock, valued at $3,717,608. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other BOX news, VP Eli Berkovitch sold 2,500 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total transaction of $63,125.00. Following the completion of the transaction, the vice president now owns 147,232 shares in the company, valued at $3,717,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $26.26, for a total transaction of $262,600.00. Following the completion of the sale, the chief executive officer now owns 3,019,155 shares in the company, valued at $79,283,010.30. The disclosure for this sale can be found here. Insiders have sold 73,260 shares of company stock valued at $2,113,560 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

BOX Stock Performance

BOX opened at $33.45 on Tuesday. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 45.82 and a beta of 0.85. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $33.56. The company has a fifty day moving average of $28.83 and a 200 day moving average of $27.69.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The firm had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Box, Inc. will post 0.23 earnings per share for the current year.

About BOX

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.