Box, Inc. (NYSE:BOX) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in Box, Inc. (NYSE:BOX) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,078,857 shares of the software maker’s stock after purchasing an additional 125,435 shares during the period. Sei Investments Co. owned approximately 2.13% of BOX worth $81,405,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. XTX Topco Ltd acquired a new position in BOX in the 2nd quarter worth approximately $853,000. Hsbc Holdings PLC increased its stake in shares of BOX by 9.4% in the second quarter. Hsbc Holdings PLC now owns 77,563 shares of the software maker’s stock worth $2,043,000 after acquiring an additional 6,638 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of BOX by 587.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 83,715 shares of the software maker’s stock worth $2,213,000 after purchasing an additional 71,536 shares during the last quarter. Renaissance Technologies LLC lifted its position in BOX by 7.0% during the second quarter. Renaissance Technologies LLC now owns 1,846,502 shares of the software maker’s stock valued at $48,822,000 after purchasing an additional 120,076 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in BOX by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after purchasing an additional 229,314 shares during the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the transaction, the chief financial officer now directly owns 1,500,661 shares in the company, valued at $49,356,740.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jack R. Lazar sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the completion of the sale, the director now owns 29,197 shares of the company’s stock, valued at $954,157.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the transaction, the chief financial officer now owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. The disclosure for this sale can be found here. Insiders sold 73,260 shares of company stock valued at $2,113,560 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

BOX Stock Up 0.5 %

BOX stock opened at $32.99 on Friday. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $33.95. The firm has a 50-day simple moving average of $29.44 and a 200-day simple moving average of $27.84. The stock has a market capitalization of $4.76 billion, a P/E ratio of 45.19 and a beta of 0.85.

BOX (NYSE:BOX) last posted 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. The company had revenue of $270.04 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 EPS. On average, analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $35.00 price objective on shares of BOX in a report on Wednesday, May 29th. Citigroup boosted 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. Royal Bank of Canada reaffirmed an “underperform” rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.