Box, Inc. (NYSE:BOX) Shares Purchased by Raymond James & Associates

Raymond James & Associates lifted its holdings in Box, Inc. (NYSE:BOX – Get Rating) by 48.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,095 shares of the software maker’s stock after acquiring an additional 38,620 shares during the quarter. Raymond James & Associates owned 0.08% of BOX worth $3,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. UBS Group AG increased its stake in shares of BOX by 47.6% in the fourth quarter. UBS Group AG now owns 177,584 shares of the software maker’s stock worth $5,528,000 after acquiring an additional 57,306 shares during the period. Premier Fund Managers Ltd boosted its holdings in BOX by 276.0% during the fourth quarter. Premier Fund Managers Ltd now owns 200,000 shares of the software maker’s stock worth $6,251,000 after buying an additional 146,803 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in BOX during the fourth quarter worth $205,000. California Public Employees Retirement System boosted its holdings in BOX by 32.2% during the fourth quarter. California Public Employees Retirement System now owns 476,524 shares of the software maker’s stock worth $14,834,000 after buying an additional 116,080 shares in the last quarter. Finally, Brainard Capital Management LLC purchased a new stake in BOX during the fourth quarter worth $501,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

BOX Trading Up 0.3 %

NYSE:BOX opened at $27.24 on Friday. The company’s 50-day moving average price is $26.64 and its 200-day moving average price is $29.03. The company has a market cap of $3.93 billion, a P/E ratio of 544.80, a P/E/G ratio of 13.10 and a beta of 1.01. Box, Inc. has a twelve month low of $22.31 and a twelve month high of $34.98.

BOX (NYSE:BOX – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. BOX had a net margin of 2.70% and a negative return on equity of 2.53%. The firm had revenue of $256.48 million during the quarter, compared to analysts’ expectations of $256.29 million. On average, analysts expect that Box, Inc. will post 0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $26.09, for a total transaction of $339,170.00. Following the completion of the sale, the chief financial officer now directly owns 1,402,904 shares in the company, valued at $36,601,765.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $26.09, for a total transaction of $339,170.00. Following the completion of the sale, the chief financial officer now directly owns 1,402,904 shares in the company, valued at $36,601,765.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack R. Lazar sold 5,000 shares of BOX stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $26.95, for a total transaction of $134,750.00. Following the sale, the director now owns 26,555 shares of the company’s stock, valued at $715,657.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,000 shares of company stock worth $1,173,060. Insiders own 4.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BOX. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Friday. Credit Suisse Group reaffirmed an “outperform” rating and set a $36.00 price objective on shares of BOX in a report on Thursday, March 2nd. Royal Bank of Canada decreased their price objective on shares of BOX from $24.00 to $21.00 and set an “underperform” rating on the stock in a report on Wednesday, March 15th. Morgan Stanley decreased their price objective on shares of BOX from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, March 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $32.00 price objective on shares of BOX in a report on Thursday, March 16th. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.20.

BOX Profile

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Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.