Emerald Advisers Inc. PA Sells 10,200 Shares of Box Inc (BOX)

Emerald Advisers Inc. PA decreased its holdings in Box Inc (NYSE:BOX) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 855,610 shares of the software maker’s stock after selling 10,200 shares during the period. Emerald Advisers Inc. PA’s holdings in BOX were worth $18,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Investment Partners Inc. increased its stake in shares of BOX by 81.3% in the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock worth $126,000 after purchasing an additional 3,092 shares in the last quarter. Amalgamated Bank purchased a new position in shares of BOX in the second quarter worth about $183,000. Principal Financial Group Inc. purchased a new position in shares of BOX in the second quarter worth about $199,000. Aperio Group LLC purchased a new position in shares of BOX in the fourth quarter worth about $227,000. Finally, California Public Employees Retirement System purchased a new position in shares of BOX in the second quarter worth about $239,000. Hedge funds and other institutional investors own 62.55% of the company’s stock.

In other BOX news, SVP Peter M. Mcgoff sold 70,000 shares of BOX stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $20.30, for a total transaction of $1,421,000.00. Following the completion of the sale, the senior vice president now directly owns 348,748 shares in the company, valued at $7,079,584.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel J. Levin sold 30,000 shares of BOX stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $21.73, for a total transaction of $651,900.00. Following the sale, the director now owns 5,790 shares of the company’s stock, valued at $125,816.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,082,309 shares of company stock valued at $43,613,662. 20.59% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on BOX shares. Drexel Hamilton restated a “buy” rating and issued a $28.00 price objective on shares of BOX in a research report on Monday, November 27th. Oppenheimer restated a “buy” rating and issued a $22.00 price objective on shares of BOX in a research report on Monday, October 16th. Canaccord Genuity raised their price objective on shares of BOX from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, October 13th. JMP Securities raised their price objective on shares of BOX to $25.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th. Finally, Vetr upgraded shares of BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 price objective for the company in a research report on Wednesday, November 29th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. BOX presently has a consensus rating of “Buy” and an average target price of $24.24.

Shares of Box Inc (BOX) opened at $20.85 on Wednesday. Box Inc has a 1 year low of $15.73 and a 1 year high of $24.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53.

BOX (NYSE:BOX) last announced its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The business had revenue of $129.30 million during the quarter, compared to analyst estimates of $128.67 million. During the same period in the previous year, the business posted ($0.14) earnings per share. BOX’s revenue for the quarter was up 25.8% on a year-over-year basis. research analysts expect that Box Inc will post -1.17 earnings per share for the current fiscal year.

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BOX 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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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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