50,545 Shares in Box Inc (NYSE:BOX) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Box Inc (NYSE:BOX) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,545 shares of the software maker’s stock, valued at approximately $976,000.

Other hedge funds have also recently modified their holdings of the company. Natixis Advisors L.P. raised its holdings in shares of BOX by 5.1% in the fourth quarter. Natixis Advisors L.P. now owns 24,412 shares of the software maker’s stock worth $412,000 after acquiring an additional 1,183 shares during the last quarter. Sageworth Trust Co purchased a new stake in shares of BOX in the first quarter valued at $26,000. First Republic Investment Management Inc. grew its position in shares of BOX by 3.0% in the first quarter. First Republic Investment Management Inc. now owns 50,906 shares of the software maker’s stock valued at $983,000 after purchasing an additional 1,500 shares during the period. Trust Co. of Vermont purchased a new stake in BOX during the first quarter valued at about $31,000. Finally, Congress Park Capital LLC grew its position in BOX by 15.8% during the first quarter. Congress Park Capital LLC now owns 12,100 shares of the software maker’s stock valued at $234,000 after acquiring an additional 1,650 shares during the period. 65.95% of the stock is owned by hedge funds and other institutional investors.

In other BOX news, CFO Dylan C. Smith sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $20.10, for a total transaction of $301,500.00. Following the sale, the chief financial officer now owns 1,099,280 shares in the company, valued at $22,095,528. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Josh Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $18.19, for a total value of $363,800.00. Following the sale, the director now owns 3,699 shares in the company, valued at approximately $67,284.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,000 shares of company stock worth $935,600. Insiders own 6.70% of the company’s stock.

BOX has been the subject of a number of research reports. Canaccord Genuity boosted their price target on from GBX 91 ($1.19) to GBX 109 ($1.42) and gave the company a “hold” rating in a research report on Tuesday, June 4th. William Blair reissued a “buy” rating on shares of Nektar Therapeutics in a research report on Tuesday, June 4th. Morgan Stanley set a $17.00 price target on BOX and gave the company a “hold” rating in a research report on Tuesday, June 4th. Deutsche Bank decreased their target price on BOX from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Tuesday, June 4th. Finally, Zacks Investment Research raised HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.82.

Shares of NYSE BOX traded down $0.23 on Friday, hitting $16.75. The company had a trading volume of 1,655,300 shares, compared to its average volume of 2,228,996. The company has a debt-to-equity ratio of 10.68, a current ratio of 0.83 and a quick ratio of 0.83. Box Inc has a 12-month low of $15.30 and a 12-month high of $27.19. The company has a 50 day moving average price of $17.71. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -17.45 and a beta of 1.37.

BOX (NYSE:BOX) last released its quarterly earnings results on Monday, June 3rd. The software maker reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. BOX had a negative return on equity of 446.05% and a negative net margin of 21.37%. The business had revenue of $163.00 million for the quarter, compared to analysts’ expectations of $161.46 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts predict that Box Inc will post -0.96 EPS for the current year.

BOX Company Profile

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.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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