Massachusetts Financial Services Co. MA Decreases Stock Position in Box, Inc. (NYSE:BOX)

Massachusetts Financial Services Co. MA lessened its position in shares of Box, Inc. (NYSE:BOX) by 74.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,463 shares of the software maker’s stock after selling 250,912 shares during the period. Massachusetts Financial Services Co. MA owned 0.06% of BOX worth $2,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in BOX by 14.9% during the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of BOX by 10.5% during the 1st quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock valued at $207,882,000 after buying an additional 699,882 shares in the last quarter. Sei Investments Co. boosted its holdings in BOX by 16.6% in the 1st quarter. Sei Investments Co. now owns 2,953,422 shares of the software maker’s stock worth $83,641,000 after buying an additional 421,289 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in BOX by 19.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after buying an additional 386,149 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in BOX by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,207,010 shares of the software maker’s stock valued at $56,523,000 after acquiring an additional 47,220 shares during the period. Institutional investors own 86.74% of the company’s stock.

Wall Street Analyst Weigh In

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 upped their price target on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $35.00 target price on shares of BOX in a report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

BOX Stock Up 0.5 %

NYSE BOX opened at $32.99 on Monday. The stock’s 50-day simple moving average is $29.44 and its two-hundred day simple moving average is $27.83. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $33.95. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 45.19 and a beta of 0.85.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. BOX’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. On average, equities analysts expect that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In other BOX news, VP Eli Berkovitch sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were 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 directly owns 147,232 shares of the company’s stock, valued at $3,717,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Eli Berkovitch sold 2,500 shares of BOX 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 in the company, valued at $3,717,608. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jack R. Lazar sold 7,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $32.68, for a total value of $228,760.00. Following the sale, the director now owns 29,197 shares of the company’s stock, valued at $954,157.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,260 shares of company stock valued at $2,113,560. Corporate insiders own 4.10% of the company’s stock.

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.