Oppenheimer & Co. Inc. Has $279,000 Position in Box Inc (NYSE:BOX)

Oppenheimer & Co. Inc. lessened its position in Box Inc (NYSE:BOX) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,850 shares of the software maker’s stock after selling 1,323 shares during the period. Oppenheimer & Co. Inc.’s holdings in BOX were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOX. Trexquant Investment LP grew its position in shares of BOX by 316.8% in the second quarter. Trexquant Investment LP now owns 152,473 shares of the software maker’s stock valued at $2,685,000 after purchasing an additional 115,895 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of BOX by 2.7% during the second quarter. Bank of Montreal Can now owns 648,159 shares of the software maker’s stock worth $11,414,000 after buying an additional 16,922 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of BOX by 359.0% during the second quarter. Panagora Asset Management Inc. now owns 826,474 shares of the software maker’s stock worth $14,554,000 after buying an additional 646,409 shares during the period. Weitz Investment Management Inc. lifted its stake in shares of BOX by 55.0% during the second quarter. Weitz Investment Management Inc. now owns 1,622,100 shares of the software maker’s stock worth $28,565,000 after buying an additional 575,700 shares during the period. Finally, Sun Life Financial INC acquired a new stake in shares of BOX during the second quarter worth $94,000. 72.31% of the stock is owned by institutional investors and hedge funds.

Shares of BOX stock traded up $0.14 during trading hours on Friday, reaching $17.78. The stock had a trading volume of 48,769 shares, compared to its average volume of 3,573,248. The stock’s 50 day moving average is $15.08 and its 200 day moving average is $18.09. The firm has a market capitalization of $2.58 billion, a PE ratio of -18.44 and a beta of 1.39. Box Inc has a twelve month low of $12.46 and a twelve month high of $25.36. The company has a current ratio of 0.80, a quick ratio of 0.83 and a debt-to-equity ratio of 14.57.

BOX (NYSE:BOX) last released its earnings results on Wednesday, August 28th. The software maker reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.01. The business had revenue of $172.50 million during the quarter, compared to analysts’ expectations of $169.49 million. BOX had a negative net margin of 20.29% and a negative return on equity of 491.54%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share. As a group, sell-side analysts predict that Box Inc will post -1 earnings per share for the current year.

In other news, Director Josh Stein sold 20,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $18.19, for a total transaction of $363,800.00. Following the completion of the sale, the director now owns 3,699 shares of the company’s stock, valued at $67,284.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by insiders.

BOX has been the subject of a number of research reports. ValuEngine upgraded shares of BOX from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. William Blair restated an “outperform” rating on shares of BOX in a research report on Tuesday, June 4th. Oppenheimer decreased their target price on shares of BOX from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Craig Hallum downgraded shares of BOX from a “buy” rating to a “hold” rating and decreased their target price for the company from $22.00 to $15.00 in a research report on Thursday, August 29th. Finally, Canaccord Genuity downgraded shares of BOX from a “buy” rating to a “hold” rating and decreased their target price for the company from $24.00 to $16.00 in a research report on Tuesday, June 4th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $19.40.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their 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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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