Millennium Management LLC lifted its position in Box (NYSE:BOX) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,314,184 shares of the software maker’s stock after buying an additional 616,044 shares during the quarter. Millennium Management LLC owned about 3.17% of BOX worth $91,116,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bares Capital Management Inc. grew its stake in shares of BOX by 10.1% in the 3rd quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock valued at $123,483,000 after buying an additional 588,875 shares in the last quarter. BlackRock Inc. grew its stake in shares of BOX by 9.6% in the 4th quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock valued at $125,362,000 after buying an additional 518,179 shares in the last quarter. First Trust Advisors LP grew its stake in shares of BOX by 2.6% in the 4th quarter. First Trust Advisors LP now owns 3,851,389 shares of the software maker’s stock valued at $81,341,000 after buying an additional 99,309 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of BOX by 16.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,203,600 shares of the software maker’s stock valued at $67,660,000 after buying an additional 454,700 shares in the last quarter. Finally, AO Asset Management LP grew its stake in shares of BOX by 27.3% in the 4th quarter. AO Asset Management LP now owns 1,606,800 shares of the software maker’s stock valued at $33,936,000 after buying an additional 344,500 shares in the last quarter. 73.79% of the stock is owned by institutional investors and hedge funds.
Shares of BOX traded down $0.64 during mid-day trading on Friday, hitting $20.14. The company’s stock had a trading volume of 948,217 shares, compared to its average volume of 2,126,030. Box has a one year low of $16.44 and a one year high of $24.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 4.48. The stock has a market capitalization of $2,853.45, a price-to-earnings ratio of -17.36 and a beta of 1.14.
BOX (NYSE:BOX) last posted its quarterly earnings data on Wednesday, February 28th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. BOX had a negative return on equity of 433.21% and a negative net margin of 30.62%. The company had revenue of $136.70 million during the quarter, compared to analysts’ expectations of $136.61 million. During the same period in the prior year, the business earned ($0.10) earnings per share. BOX’s revenue for the quarter was up 24.4% compared to the same quarter last year. equities analysts predict that Box will post -1.01 EPS for the current year.
BOX has been the subject of several recent research reports. Vetr raised BOX from a “hold” rating to a “strong-buy” rating and set a $26.97 price target for the company in a research note on Tuesday, February 27th. Zacks Investment Research cut BOX from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Canaccord Genuity reissued a “buy” rating on shares of BOX in a research note on Monday, March 5th. DA Davidson started coverage on BOX in a research note on Thursday, February 15th. They issued a “buy” rating and a $25.00 price target for the company. Finally, ValuEngine raised BOX from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $24.40.
In other news, insider Peter M. Mcgoff sold 2,079 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $21.13, for a total value of $43,929.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rory O’driscoll sold 500,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $21.55, for a total value of $10,775,000.00. The disclosure for this sale can be found here. Insiders sold 715,579 shares of company stock valued at $15,280,814 over the last three months. 22.30% of the stock is owned by company insiders.
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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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