Alyeska Investment Group L.P. lessened its position in shares of Box, Inc. (NYSE:BOX) by 25.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,979,446 shares of the software maker’s stock after selling 677,306 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.48% of BOX worth $38,243,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in BOX by 81.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,896 shares of the software maker’s stock valued at $126,000 after purchasing an additional 3,092 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in BOX in the 2nd quarter valued at about $155,000. BNP Paribas Arbitrage SA raised its stake in BOX by 843.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,786 shares of the software maker’s stock valued at $178,000 after purchasing an additional 8,749 shares during the last quarter. StepStone Group LP acquired a new position in BOX in the 2nd quarter valued at about $180,000. Finally, Amalgamated Bank acquired a new position in BOX in the 2nd quarter valued at about $183,000. 63.42% of the stock is owned by institutional investors and hedge funds.
Box, Inc. (BOX) opened at $20.80 on Friday. Box, Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $24.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.58.
BOX (NYSE:BOX) last announced its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.13). BOX had a negative return on equity of 270.51% and a negative net margin of 33.20%. The company had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.67 million. During the same period in the prior year, the company posted ($0.14) EPS. BOX’s quarterly revenue was up 25.8% on a year-over-year basis. sell-side analysts anticipate that Box, Inc. will post -1.17 EPS for the current fiscal year.
BOX has been the subject of several analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 target price on shares of BOX in a research note on Wednesday, August 16th. BidaskClub upgraded BOX from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and issued a $28.00 price target on shares of BOX in a report on Monday, August 28th. Mitsubishi UFJ Financial Group upgraded BOX to an “overweight” rating and lifted their price target for the company from $23.00 to $24.00 in a report on Thursday, August 31st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $25.00 price target on shares of BOX in a report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.24.
In related news, SVP Peter M. Mcgoff sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $18.52, for a total transaction of $1,481,600.00. Following the sale, the senior vice president now directly owns 286,135 shares of the company’s stock, valued at approximately $5,299,220.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Rory O’driscoll sold 115,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $18.08, for a total value of $2,079,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,582,090 shares of company stock worth $30,866,738. 22.30% of the stock is currently owned by corporate insiders.
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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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