Box, Inc. (NYSE:BOX) Holdings Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Box, Inc. (NYSE:BOX) by 20.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,777 shares of the software maker’s stock after acquiring an additional 9,392 shares during the period. Russell Investments Group Ltd.’s holdings in BOX were worth $1,077,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its stake in shares of 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 in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of BOX in the 2nd quarter valued at $155,000. BNP Paribas Arbitrage SA boosted its stake in shares of 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 in the last quarter. StepStone Group LP purchased a new stake in shares of BOX in the 2nd quarter valued at $180,000. Finally, Amalgamated Bank purchased a new stake in shares of BOX in the 2nd quarter valued at $183,000. 62.20% of the stock is owned by institutional investors and hedge funds.

Shares of Box, Inc. (NYSE BOX) opened at $22.25 on Friday. Box, Inc. has a 1 year low of $15.73 and a 1 year high of $24.10. The firm has a market cap of $3,030.00 and a PE ratio of -18.54. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.00 and a quick ratio of 1.00.

BOX (NYSE:BOX) last announced its quarterly earnings data on Wednesday, November 29th. The software maker reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The company had revenue of $129.30 million for the quarter, compared to the consensus estimate of $128.67 million. During the same period in the prior year, the firm posted ($0.14) EPS. BOX’s revenue for the quarter was up 25.8% on a year-over-year basis. research analysts anticipate that Box, Inc. will post -1.17 earnings per share for the current fiscal year.

BOX has been the subject of a number of recent analyst reports. Raymond James Financial upgraded shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a report on Monday, September 25th. Drexel Hamilton reiterated a “buy” rating and set a $28.00 price target on shares of BOX in a report on Monday, November 27th. Rosenblatt Securities reiterated a “buy” rating and set a $25.00 price target on shares of BOX in a report on Monday, October 9th. Canaccord Genuity reiterated a “buy” rating and set a $24.00 price target on shares of BOX in a report on Friday, October 6th. Finally, Oppenheimer restated a “buy” rating and issued a $22.00 price objective on shares of BOX in a report on Monday, October 16th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $24.24.

In other news, Director Daniel J. Levin sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $19.95, for a total transaction of $997,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dana L. Evan sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.65, for a total transaction of $162,375.00. Following the sale, the director now directly owns 21,399 shares in the company, valued at approximately $463,288.35. The disclosure for this sale can be found here. Insiders have sold a total of 2,122,309 shares of company stock worth $44,387,262 over the last three months. 22.30% of the stock is currently owned by insiders.

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BOX 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.

Institutional Ownership by Quarter for BOX (NYSE:BOX)

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