Oppenheimer Asset Management Inc. Increases Holdings in Box, Inc. (NYSE:BOX)

Oppenheimer Asset Management Inc. grew its holdings in Box, Inc. (NYSE:BOX) by 22.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 55,618 shares of the software maker’s stock after buying an additional 10,361 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BOX were worth $1,471,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BOX. TFO Wealth Partners LLC lifted its stake in BOX by 62,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock worth $48,000 after acquiring an additional 1,860 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after purchasing an additional 632 shares in the last quarter. Quest Partners LLC bought a new stake in shares of BOX during the 2nd quarter valued at about $95,000. Covestor Ltd increased its position in shares of BOX by 27.3% during the first quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock valued at $122,000 after buying an additional 924 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in BOX by 14.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,207 shares of the software maker’s stock worth $154,000 after buying an additional 782 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Trading Down 1.0 %

Shares of BOX stock opened at $33.08 on Thursday. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $33.95. The stock has a market capitalization of $4.78 billion, a P/E ratio of 45.32 and a beta of 0.85. The firm’s 50 day moving average is $28.99 and its 200 day moving average is $27.73.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $269.52 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. BOX’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that Box, Inc. will post 0.23 earnings per share for the current year.

Insider Transactions at BOX

In related news, CEO Aaron Levie sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total transaction of $262,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,019,155 shares in the company, valued at $79,283,010.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Eli Berkovitch sold 2,500 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $26.26, for a total value of $262,600.00. Following the transaction, the chief executive officer now directly owns 3,019,155 shares in the company, valued at $79,283,010.30. The disclosure for this sale can be found here. Insiders have sold 73,260 shares of company stock worth $2,113,560 in the last quarter. Company insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

BOX has been the subject of several research reports. Oppenheimer reissued an “outperform” rating and issued a $35.00 target price on shares of BOX in a research report on Wednesday, May 29th. UBS Group increased their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Citigroup boosted their target price on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, August 28th. Finally, Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.22.

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 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.