Bares Capital Management Inc. boosted its position in Box (NYSE:BOX) by 17.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,272,749 shares of the software maker’s stock after purchasing an additional 1,086,033 shares during the period. BOX comprises approximately 5.7% of Bares Capital Management Inc.’s portfolio, making the stock its 10th biggest holding. Bares Capital Management Inc. owned 5.30% of BOX worth $149,455,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Washington Capital Management Inc. lifted its stake in BOX by 19.4% in the first quarter. Washington Capital Management Inc. now owns 20,600 shares of the software maker’s stock valued at $423,000 after purchasing an additional 3,350 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in BOX by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 510,142 shares of the software maker’s stock valued at $10,484,000 after purchasing an additional 19,156 shares during the last quarter. Eaton Vance Management lifted its stake in BOX by 88.9% in the first quarter. Eaton Vance Management now owns 226,313 shares of the software maker’s stock valued at $4,651,000 after purchasing an additional 106,490 shares during the last quarter. Arlington Partners LLC lifted its stake in BOX by 6.4% in the first quarter. Arlington Partners LLC now owns 56,050 shares of the software maker’s stock valued at $1,152,000 after purchasing an additional 3,370 shares during the last quarter. Finally, Aspiriant LLC purchased a new position in BOX in the first quarter valued at approximately $714,000. Institutional investors and hedge funds own 77.45% of the company’s stock.
A number of brokerages have issued reports on BOX. DA Davidson began coverage on shares of BOX in a report on Thursday, February 15th. They set a “buy” rating and a $25.00 target price on the stock. Monness Crespi & Hardt began coverage on shares of BOX in a report on Wednesday, April 11th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. Finally, Vetr raised shares of BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 target price on the stock in a report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.50.
BOX stock opened at $27.68 on Friday. The firm has a market capitalization of $3.78 billion, a PE ratio of -23.86 and a beta of 1.12. Box has a fifty-two week low of $27.44 and a fifty-two week high of $27.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 4.48.
BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, February 28th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $136.70 million for the quarter, compared to analysts’ expectations of $136.61 million. BOX had a negative net margin of 30.62% and a negative return on equity of 433.21%. The business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. sell-side analysts anticipate that Box will post -1.01 earnings per share for the current year.
Box, Inc provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
Want to see what other hedge funds are holding BOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Box (NYSE:BOX).
Receive News & Ratings for BOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOX and related companies with MarketBeat.com's FREE daily email newsletter.