XTX Topco Ltd Purchases Shares of 32,266 Box, Inc. (NYSE:BOX)

XTX Topco Ltd acquired a new stake in shares of Box, Inc. (NYSE:BOX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 32,266 shares of the software maker’s stock, valued at approximately $853,000.

Other hedge funds also recently made changes to their positions in the company. TFO Wealth Partners LLC lifted its holdings in shares of 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 purchasing an additional 1,860 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after buying an additional 632 shares in the last quarter. Quest Partners LLC acquired a new position in shares of BOX in the second quarter worth about $95,000. Covestor Ltd increased its position in shares of BOX by 27.3% in the first quarter. Covestor Ltd now owns 4,312 shares of the software maker’s stock worth $122,000 after acquiring an additional 924 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of BOX during the fourth quarter valued at approximately $156,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on BOX shares. Oppenheimer restated an “outperform” rating and set a $35.00 price objective on shares of BOX in a research report on Wednesday, May 29th. Morgan Stanley increased their target price on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research note on Friday, August 16th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.22.

BOX Stock Up 0.5 %

Shares of BOX stock opened at $32.99 on Monday. Box, Inc. has a 12-month low of $23.29 and a 12-month high of $33.95. The stock has a 50 day moving average price of $29.44 and a two-hundred day moving average price of $27.83. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. BOX’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. Sell-side analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 4,760 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $26.48, for a total value of $126,044.80. Following the completion of the sale, the director now directly owns 58,731 shares of the company’s stock, valued at $1,555,196.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BOX news, Director Bethany Mayer sold 4,760 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 58,731 shares in the company, valued at approximately $1,555,196.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total transaction of $324,610.00. Following the transaction, the chief financial officer now directly owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The disclosure for this sale can be found here. Insiders have sold a total of 73,260 shares of company stock valued at $2,113,560 in the last three months. Company 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.