Marcus Capital LLC Reduces Position in Box Inc (BOX)

Marcus Capital LLC reduced its holdings in Box Inc (NYSE:BOX) by 78.5% during the fourth quarter, HoldingsChannel reports. The firm owned 21,750 shares of the software maker’s stock after selling 79,300 shares during the period. BOX makes up 1.8% of Marcus Capital LLC’s portfolio, making the stock its 24th largest holding. Marcus Capital LLC’s holdings in BOX were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of BOX by 79.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock worth $145,518,000 after purchasing an additional 3,521,030 shares in the last quarter. Bares Capital Management Inc. raised its holdings in shares of BOX by 10.1% in the 3rd quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock worth $123,483,000 after purchasing an additional 588,875 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of BOX by 31.2% in the 3rd quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock worth $72,490,000 after purchasing an additional 892,742 shares in the last quarter. State Street Corp raised its holdings in shares of BOX by 56.7% in the 2nd quarter. State Street Corp now owns 1,372,520 shares of the software maker’s stock worth $25,034,000 after purchasing an additional 496,588 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of BOX by 50.9% during the second quarter. Northern Trust Corp now owns 957,271 shares of the software maker’s stock valued at $17,460,000 after acquiring an additional 323,028 shares during the period. Institutional investors and hedge funds own 62.55% of the company’s stock.

In related news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $20.84, for a total transaction of $270,920.00. Following the transaction, the chief financial officer now directly owns 13,000 shares of the company’s stock, valued at $270,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Levin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $22.39, for a total transaction of $223,900.00. Following the transaction, the director now directly owns 5,790 shares in the company, valued at $129,638.10. The disclosure for this sale can be found here. Insiders have sold 2,082,309 shares of company stock worth $43,613,662 over the last ninety days. 22.30% of the stock is currently owned by insiders.

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

Box Inc (NYSE:BOX) opened at $20.23 on Friday. Box Inc has a 1 year low of $15.73 and a 1 year high of $24.10. The company has a market cap of $2,754.13, a P/E ratio of -16.86 and a beta of 1.20. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.53.

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

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About BOX

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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