Box Inc (BOX) Shares Bought by Banco de Sabadell S.A

Banco de Sabadell S.A increased its position in shares of Box Inc (NYSE:BOX) by 109.8% during the second quarter, HoldingsChannel.com reports. The fund owned 22,660 shares of the software maker’s stock after acquiring an additional 11,860 shares during the quarter. Banco de Sabadell S.A’s holdings in BOX were worth $565,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Adalta Capital Management LLC acquired a new position in BOX during the second quarter worth about $959,000. Firsthand Capital Management Inc. acquired a new position in BOX during the second quarter worth about $3,749,000. Cubist Systematic Strategies LLC grew its holdings in BOX by 2,892.5% during the second quarter. Cubist Systematic Strategies LLC now owns 25,586 shares of the software maker’s stock worth $639,000 after acquiring an additional 24,731 shares during the period. Bank of America Corp DE grew its holdings in BOX by 11.1% during the second quarter. Bank of America Corp DE now owns 1,464,764 shares of the software maker’s stock worth $36,604,000 after acquiring an additional 146,520 shares during the period. Finally, Morgan Stanley grew its holdings in BOX by 270.9% during the second quarter. Morgan Stanley now owns 1,633,710 shares of the software maker’s stock worth $40,826,000 after acquiring an additional 1,193,210 shares during the period. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

In other BOX news, Director Rory O’driscoll sold 500,000 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $26.35, for a total transaction of $13,175,000.00. Following the completion of the sale, the director now directly owns 9,081 shares in the company, valued at approximately $239,284.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $24.71, for a total value of $370,650.00. Following the sale, the chief financial officer now owns 1,169,274 shares of the company’s stock, valued at $28,892,760.54. The disclosure for this sale can be found here. Insiders sold a total of 734,284 shares of company stock valued at $19,115,935 in the last quarter. 8.51% of the stock is currently owned by corporate insiders.

A number of research firms recently weighed in on BOX. First Analysis began coverage on BOX in a research report on Friday, July 20th. They issued an “overweight” rating and a $32.00 price target for the company. DA Davidson decreased their price target on BOX from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, August 29th. JPMorgan Chase & Co. increased their price target on BOX from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, May 31st. Morgan Stanley increased their price target on BOX from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, May 31st. Finally, Rosenblatt Securities lowered BOX from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Thursday, May 31st. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.21.

NYSE:BOX opened at $24.74 on Friday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 1.00. Box Inc has a 1-year low of $17.25 and a 1-year high of $29.79. The firm has a market capitalization of $3.48 billion, a P/E ratio of -21.33 and a beta of 1.09.

BOX (NYSE:BOX) last released its quarterly earnings results on Tuesday, August 28th. The software maker reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. BOX had a negative return on equity of 488.70% and a negative net margin of 27.10%. The business had revenue of $148.20 million during the quarter, compared to analyst estimates of $146.58 million. During the same quarter last year, the company posted ($0.11) EPS. BOX’s revenue for the quarter was up 20.6% on a year-over-year basis. research analysts expect that Box Inc will post -0.95 EPS for the current fiscal year.

BOX Profile

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.

See Also: Market Capitalization

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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