Quarry LP Grows Stock Holdings in Box, Inc. (NYSE:BOX)

Quarry LP increased its stake in shares of Box, Inc. (NYSE:BOX) by 324.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,418 shares of the software maker’s stock after buying an additional 1,084 shares during the period. Quarry LP’s holdings in BOX were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BOX. Vanguard Group Inc. boosted 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 worth $490,329,000 after buying an additional 2,249,082 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in BOX by 4,889.2% during the first quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock worth $23,031,000 after buying an additional 796,934 shares in the last quarter. Earnest Partners LLC boosted its holdings in BOX by 10.5% during the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after buying an additional 699,882 shares in the last quarter. Sei Investments Co. boosted its holdings in BOX by 26.1% during the fourth quarter. Sei Investments Co. now owns 2,532,133 shares of the software maker’s stock worth $64,848,000 after buying an additional 523,872 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in BOX by 19.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock worth $67,248,000 after acquiring an additional 386,149 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BOX shares. StockNews.com upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Citigroup lifted their target price on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Morgan Stanley lifted 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 upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, BOX has an average rating of “Moderate Buy” and an average target price of $31.22.

Insider Activity

In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the transaction, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the transaction, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. This represents a 0.00 % decrease in their ownership of the stock. 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 company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $25.25, for a total transaction 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 $3,717,608. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,500 shares of company stock worth $1,724,915. 4.10% of the stock is currently owned by company insiders.

BOX Stock Up 1.5 %

BOX opened at $32.15 on Friday. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $33.95. The company has a 50 day moving average of $30.49 and a two-hundred day moving average of $28.05. The company has a market cap of $4.64 billion, a P/E ratio of 44.04 and a beta of 0.85.

BOX (NYSE:BOX) last released 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. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million during the quarter, compared to the consensus estimate of $269.52 million. During the same period in the previous year, the firm earned $0.01 earnings per share. BOX’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current year.

BOX 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.