Bokf Na Buys New Position in Box, Inc. (NYSE:BOX)

Bokf Na bought a new stake in shares of Box, Inc. (NYSE:BOX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,033 shares of the software maker’s stock, valued at approximately $609,000.

Several other hedge funds also recently added to or reduced their stakes in BOX. Vanguard Group Inc. increased its position in BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after buying an additional 2,249,082 shares in the last quarter. UBS Group AG boosted its stake in shares of BOX by 404.3% in the fourth quarter. UBS Group AG now owns 1,001,086 shares of the software maker’s stock worth $25,638,000 after buying an additional 802,564 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of BOX by 4,889.2% in the first quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock worth $23,031,000 after buying an additional 796,934 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of BOX in the fourth quarter worth about $19,606,000. Finally, Earnest Partners LLC boosted its stake in shares of BOX by 10.5% in the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after buying an additional 699,882 shares during the last quarter. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Stock Up 1.2 %

BOX stock opened at $33.29 on Monday. The business has a 50 day moving average price of $28.67 and a 200 day moving average price of $27.63. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 45.60 and a beta of 0.85. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $33.45.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The company had revenue of $270.04 million during the quarter, compared to analysts’ expectations of $269.52 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Box, Inc. will post 0.23 EPS for the current year.

Insider Buying and Selling at BOX

In other BOX news, VP Eli Berkovitch sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $25.25, for a total value of $63,125.00. Following the completion of the sale, the vice president now owns 147,232 shares in the company, valued at $3,717,608. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Eli Berkovitch sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $25.25, for a total value of $63,125.00. Following the transaction, the vice president now owns 147,232 shares of the company’s stock, valued at $3,717,608. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bethany Mayer sold 4,760 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $26.48, for a total value of $126,044.80. Following the completion of the transaction, the director now directly owns 58,731 shares in the company, valued at approximately $1,555,196.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,260 shares of company stock worth $2,113,560. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BOX has been the subject of a number of analyst reports. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Monness Crespi & Hardt raised BOX to a “hold” rating in a report on Friday, August 16th. Morgan Stanley increased their price target on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Citigroup increased their price target on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, UBS Group increased their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BOX presently has an average rating of “Moderate Buy” and an average target price of $31.22.

About BOX

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.