Paloma Partners Management Co decreased its holdings in Box Inc (NYSE:BOX) by 37.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,553 shares of the software maker’s stock after selling 25,989 shares during the period. Paloma Partners Management Co’s holdings in BOX were worth $920,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bares Capital Management Inc. grew its holdings in BOX by 10.1% in the 3rd quarter. Bares Capital Management Inc. now owns 6,391,461 shares of the software maker’s stock valued at $123,483,000 after buying an additional 588,875 shares during the period. BlackRock Inc. grew its holdings in BOX by 9.6% in the 4th quarter. BlackRock Inc. now owns 5,935,806 shares of the software maker’s stock valued at $125,362,000 after buying an additional 518,179 shares during the period. First Trust Advisors LP grew its holdings in BOX by 2.6% in the 4th quarter. First Trust Advisors LP now owns 3,851,389 shares of the software maker’s stock valued at $81,341,000 after buying an additional 99,309 shares during the period. Renaissance Technologies LLC grew its holdings in BOX by 16.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,203,600 shares of the software maker’s stock valued at $67,660,000 after buying an additional 454,700 shares during the period. Finally, AO Asset Management LP grew its holdings in BOX by 27.3% in the 4th quarter. AO Asset Management LP now owns 1,606,800 shares of the software maker’s stock valued at $33,936,000 after buying an additional 344,500 shares during the period. Institutional investors own 73.77% of the company’s stock.
A number of analysts have recently issued reports on the company. Vetr upgraded BOX from a “buy” rating to a “strong-buy” rating and set a $25.42 target price for the company in a report on Wednesday, November 29th. JMP Securities boosted their target price on BOX to $25.00 and gave the stock an “outperform” rating in a report on Thursday, November 30th. Oppenheimer reiterated a “buy” rating and set a $24.00 target price on shares of BOX in a report on Thursday, November 30th. DA Davidson assumed coverage on BOX in a report on Thursday, February 15th. They set a “buy” rating and a $25.00 target price for the company. Finally, Zacks Investment Research cut BOX from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. BOX currently has an average rating of “Buy” and a consensus target price of $24.40.
Box Inc (NYSE:BOX) opened at $20.92 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.53. Box Inc has a 52-week low of $15.73 and a 52-week high of $24.50.
BOX (NYSE:BOX) last released its quarterly earnings results on Wednesday, February 28th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $136.70 million for the quarter, compared to analyst estimates of $136.61 million. BOX had a negative return on equity of 362.87% and a negative net margin of 30.62%. BOX’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.10) EPS. equities research analysts predict that Box Inc will post -1.01 earnings per share for the current year.
In related news, insider Peter M. Mcgoff sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $20.81, for a total transaction of $1,248,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Levin sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the transaction, the director now directly owns 5,790 shares in the company, valued at $115,800. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,388 shares of company stock worth $27,810,601 over the last three months. 20.59% of the stock is currently owned by corporate insiders.
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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