First Trust Advisors LP decreased its holdings in shares of Box Inc (NYSE:BOX) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,158,415 shares of the software maker’s stock after selling 353,692 shares during the period. First Trust Advisors LP’s holdings in BOX were worth $101,983,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BOX. CSat Investment Advisory L.P. acquired a new position in BOX during the second quarter worth $26,000. Bartlett & Co. LLC acquired a new position in BOX during the third quarter worth $33,000. Valeo Financial Advisors LLC raised its holdings in BOX by 756.3% during the second quarter. Valeo Financial Advisors LLC now owns 2,055 shares of the software maker’s stock worth $36,000 after buying an additional 1,815 shares during the last quarter. Truvestments Capital LLC acquired a new position in BOX during the second quarter worth $52,000. Finally, Kavar Capital Partners LLC acquired a new position in BOX during the second quarter worth $61,000. Hedge funds and other institutional investors own 71.38% of the company’s stock.
Several research firms have recently issued reports on BOX. Raymond James reduced their target price on shares of BOX from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Berenberg Bank began coverage on shares of BOX in a research note on Thursday, October 10th. They issued a “hold” rating and a $18.00 target price for the company. Monness Crespi & Hardt reiterated a “hold” rating on shares of BOX in a research note on Monday, September 30th. Wells Fargo & Co set a $20.00 target price on shares of BOX and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Oppenheimer reduced their target price on shares of BOX from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. BOX currently has an average rating of “Hold” and a consensus target price of $19.29.
BOX (NYSE:BOX) last posted its quarterly earnings results on Wednesday, August 28th. The software maker reported ($0.25) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. The company had revenue of $172.50 million during the quarter, compared to analyst estimates of $169.49 million. BOX had a negative net margin of 20.29% and a negative return on equity of 491.54%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, research analysts anticipate that Box Inc will post -0.99 EPS for the current fiscal year.
In related news, Director Kimberly Hammonds sold 3,328 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $15.97, for a total transaction of $53,148.16. Following the completion of the transaction, the director now owns 6,658 shares in the company, valued at $106,328.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.70% of the stock is currently owned by corporate insiders.
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.
Recommended Story: Producer Price Index (PPI)
Want to see what other hedge funds are holding BOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Box Inc (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.