Brokerages Set Box, Inc. (NYSE:BOX) PT at $31.22

Shares of Box, Inc. (NYSE:BOX) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.22.

Several research firms have weighed in on BOX. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “underperform” rating and set a $21.00 target price on shares of BOX in a research note on Wednesday, August 28th. UBS Group lifted their target price on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Citigroup lifted their target price on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th.

BOX Stock Down 0.4 %

NYSE:BOX opened at $35.51 on Friday. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 44.95 and a beta of 0.85. BOX has a twelve month low of $23.29 and a twelve month high of $35.74. The stock’s 50 day moving average price is $32.82 and its two-hundred day moving average price is $29.49.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million for 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%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS. As a group, analysts anticipate that BOX will post 0.23 earnings per share for the current year.

Insider Activity at BOX

In other news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jack R. Lazar sold 7,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $32.68, for a total value of $228,760.00. Following the sale, the director now owns 29,197 shares of the company’s stock, valued at approximately $954,157.96. The trade was a 19.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,500 shares of company stock worth $1,939,895 in the last ninety days. 4.10% of the stock is owned by company insiders.

Institutional Trading of BOX

A number of institutional investors have recently modified their holdings of BOX. Vanguard Group Inc. lifted its position in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock valued at $490,329,000 after acquiring an additional 2,249,082 shares during the period. Congress Asset Management Co. bought a new stake in shares of BOX during the 3rd quarter valued at $46,236,000. Earnest Partners LLC lifted its position in shares of BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock valued at $210,487,000 after acquiring an additional 620,450 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of BOX by 19.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock valued at $67,248,000 after acquiring an additional 386,149 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of BOX by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock valued at $67,809,000 after acquiring an additional 229,314 shares during the period. 86.74% of the stock is currently owned by institutional investors.

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.