Mercer Global Advisors Inc. ADV Has $2.21 Million Holdings in Box, Inc. (NYSE:BOX)

Mercer Global Advisors Inc. ADV increased its stake in Box, Inc. (NYSE:BOX) by 587.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 83,715 shares of the software maker’s stock after purchasing an additional 71,536 shares during the quarter. Mercer Global Advisors Inc. ADV owned approximately 0.06% of BOX worth $2,213,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its holdings in BOX by 62,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,863 shares of the software maker’s stock valued at $48,000 after acquiring an additional 1,860 shares during the period. Nisa Investment Advisors LLC boosted its stake in 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 during the period. Quest Partners LLC acquired a new stake in BOX in the 2nd quarter valued at approximately $95,000. Covestor Ltd increased its position in BOX by 27.3% in the 1st quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock worth $122,000 after buying an additional 924 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of BOX during the fourth quarter worth approximately $156,000. Institutional investors own 86.74% of the company’s stock.

Insider Buying and Selling at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value of $427,570.00. Following the sale, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at $49,356,740.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total value of $427,570.00. Following the sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eli Berkovitch sold 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 147,232 shares of the company’s stock, valued at approximately $3,717,608. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,260 shares of company stock worth $2,113,560. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Morgan Stanley raised their price objective on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, Oppenheimer restated an “outperform” rating and set a $35.00 price objective on shares of BOX in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BOX currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

BOX Stock Down 1.4 %

BOX stock opened at $32.52 on Tuesday. The business’s 50-day simple moving average is $29.56 and its 200 day simple moving average is $27.85. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 44.54 and a beta of 0.85. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $33.95.

BOX (NYSE:BOX) last announced its quarterly earnings results 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 net margin of 13.94% and a negative return on equity of 14.41%. The business had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. During the same period last year, the company posted $0.01 EPS. BOX’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Box, Inc. will post 0.23 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 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.