Quantbot Technologies LP Buys Shares of 87,349 Box, Inc. (NYSE:BOX)

Quantbot Technologies LP purchased a new position in shares of Box, Inc. (NYSE:BOX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,349 shares of the software maker’s stock, valued at approximately $2,859,000. Quantbot Technologies LP owned approximately 0.06% of BOX at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BOX. Quarry LP increased its holdings in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares during the last quarter. GAMMA Investing LLC raised its position in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after acquiring an additional 787 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of BOX during the 2nd quarter valued at approximately $53,000. Nisa Investment Advisors LLC lifted its stake in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after purchasing an additional 632 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in BOX by 245.4% in the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock worth $71,000 after purchasing an additional 1,536 shares during the period. Institutional investors own 86.74% of the company’s stock.

Insider Activity

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the sale, the director now directly owns 26,697 shares of the company’s stock, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,500 shares of company stock worth $1,711,135. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. Citigroup upped their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. UBS Group upped their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, William Blair reissued an “outperform” rating on shares of BOX in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, BOX currently has an average rating of “Moderate Buy” and a consensus target price of $31.22.

BOX Stock Performance

Shares of NYSE BOX opened at $35.07 on Thursday. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.74. The firm has a market cap of $5.02 billion, a P/E ratio of 44.39 and a beta of 0.85. The stock has a fifty day moving average price of $32.86 and a two-hundred day moving average price of $29.55.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $270.04 million during the quarter, compared to analysts’ expectations of $269.52 million. During the same quarter last year, the business posted $0.01 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

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.