Emerald Mutual Fund Advisers Trust boosted its position in Box, Inc. (NYSE:BOX) by 45.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 721,990 shares of the software maker’s stock after purchasing an additional 224,210 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.54% of Box worth $13,949,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its holdings in shares of Box by 81.3% during the second quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after acquiring an additional 3,092 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Box in the second quarter valued at approximately $155,000. BNP Paribas Arbitrage SA boosted its position in Box by 843.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after buying an additional 8,749 shares during the last quarter. StepStone Group LP purchased a new stake in Box in the second quarter valued at approximately $180,000. Finally, Amalgamated Bank purchased a new stake in Box in the second quarter valued at approximately $183,000. Institutional investors and hedge funds own 58.79% of the company’s stock.
Shares of Box, Inc. (NYSE:BOX) traded up $0.18 on Friday, hitting $22.03. The company’s stock had a trading volume of 860,900 shares, compared to its average volume of 1,980,749. Box, Inc. has a twelve month low of $13.56 and a twelve month high of $22.27. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.02 and a quick ratio of 1.02.
Box (NYSE:BOX) last issued its earnings results on Wednesday, August 30th. The software maker reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. Box had a negative return on equity of 232.81% and a negative net margin of 34.11%. The business had revenue of $122.94 million during the quarter, compared to the consensus estimate of $121.75 million. During the same period last year, the company earned ($0.14) EPS. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. sell-side analysts forecast that Box, Inc. will post -1.15 EPS for the current fiscal year.
BOX has been the topic of a number of recent research reports. BidaskClub upgraded Box from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Raymond James Financial, Inc. upgraded Box from a “market perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, September 25th. Rosenblatt Securities restated a “buy” rating and issued a $25.00 price objective on shares of Box in a research report on Monday, October 9th. UBS AG upgraded Box from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Monday, September 25th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $22.00 price objective on shares of Box in a research report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Box has a consensus rating of “Buy” and an average price target of $23.40.
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In other news, Director Daniel J. Levin sold 50,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $19.95, for a total transaction of $997,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rory O’driscoll sold 233,066 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $18.41, for a total value of $4,290,745.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 959,534 shares of company stock valued at $17,924,531. Company insiders own 22.30% of the company’s stock.
Box Company Profile
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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