AQR Capital Management LLC Raises Holdings in Box, Inc. (NYSE:BOX)

AQR Capital Management LLC lifted its stake in Box, Inc. (NYSE:BOX) by 32.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,536 shares of the software maker’s stock after buying an additional 12,612 shares during the quarter. AQR Capital Management LLC’s holdings in BOX were worth $1,363,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Neo Ivy Capital Management purchased a new position in shares of BOX during the 4th quarter worth approximately $156,000. Fisher Asset Management LLC increased its holdings in BOX by 10.1% in the fourth quarter. Fisher Asset Management LLC now owns 143,362 shares of the software maker’s stock valued at $3,671,000 after buying an additional 13,116 shares in the last quarter. Vanguard Group Inc. grew its holdings in BOX by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 15,064,800 shares of the software maker’s stock valued at $385,810,000 after buying an additional 159,111 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in BOX in the 1st quarter worth about $2,477,000. Finally, Maryland State Retirement & Pension System purchased a new position in BOX in the first quarter valued at approximately $1,361,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group boosted their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Morgan Stanley lifted their price target on BOX from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Citigroup upped their target price on shares of BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.22.

BOX Stock Up 1.1 %

BOX stock opened at $32.70 on Friday. The stock has a market cap of $4.72 billion, a P/E ratio of 44.79 and a beta of 0.85. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $33.95. The company’s 50-day moving average price is $30.83 and its two-hundred day moving average price is $28.15.

BOX (NYSE:BOX) last announced its quarterly earnings results 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 prior year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BOX

In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction 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 directly owns 1,500,661 shares in the company, valued at $49,356,740.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Levie sold 10,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,009,155 shares of the company’s stock, valued at $99,061,382.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,000 shares of company stock valued at $1,337,180. 4.10% of the stock is currently owned by insiders.

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.