K.J. Harrison & Partners Inc grew its holdings in shares of Box, Inc. (NYSE:BOX) by 8.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 75,000 shares of the software maker’s stock after purchasing an additional 6,000 shares during the period. K.J. Harrison & Partners Inc owned approximately 0.06% of Box worth $1,449,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Box by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after purchasing an additional 3,092 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Box during the second quarter valued at approximately $155,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Box by 843.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after purchasing an additional 8,749 shares during the last quarter. StepStone Group LP purchased a new position in shares of Box during the second quarter valued at approximately $180,000. Finally, Amalgamated Bank purchased a new position in shares of Box during the second quarter valued at approximately $183,000. Hedge funds and other institutional investors own 58.14% of the company’s stock.
Shares of Box, Inc. (NYSE:BOX) traded up 1.02% during trading on Tuesday, reaching $21.75. 396,633 shares of the company were exchanged. The firm’s market capitalization is $2.91 billion. The company’s 50-day moving average is $19.42 and its 200 day moving average is $19.42. Box, Inc. has a 1-year low of $13.56 and a 1-year high of $21.83.
Box (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.02. The business had revenue of $122.94 million during the quarter, compared to analysts’ expectations of $121.75 million. Box had a negative net margin of 34.11% and a negative return on equity of 232.81%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) earnings per share. Equities research analysts expect that Box, Inc. will post ($0.45) EPS for the current fiscal year.
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Several equities analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $22.00 target price on shares of Box in a report on Sunday, September 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 target price on shares of Box in a report on Wednesday, August 16th. Mitsubishi UFJ Financial Group upgraded shares of Box to an “overweight” rating and lifted their target price for the company from $23.00 to $24.00 in a report on Thursday, August 31st. Canaccord Genuity lifted their target price on shares of Box from $24.00 to $25.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $25.00 target price on shares of Box in a report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Box has an average rating of “Buy” and an average target price of $23.40.
In other Box news, Director Rory O’driscoll sold 233,066 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $18.41, for a total value of $4,290,745.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Levin sold 50,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $19.95, for a total transaction of $997,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,534 shares of company stock valued at $17,924,531. Corporate insiders own 20.59% of the company’s stock.
Box Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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