Stratos Wealth Partners LTD. Buys New Shares in Box, Inc. (NYSE:BOX)

Stratos Wealth Partners LTD. bought a new stake in shares of Box, Inc. (NYSE:BOX) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,161 shares of the software maker’s stock, valued at approximately $209,000.

Other large investors have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in BOX during the 1st quarter valued at $29,000. Quarry LP increased its holdings in BOX by 318.2% in the 1st quarter. Quarry LP now owns 1,330 shares of the software maker’s stock valued at $36,000 after buying an additional 1,012 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in BOX in the 3rd quarter valued at $38,000. Point72 Middle East FZE bought a new stake in BOX in the 4th quarter valued at $68,000. Finally, Tower Research Capital LLC TRC increased its holdings in BOX by 201.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,754 shares of the software maker’s stock valued at $74,000 after buying an additional 1,840 shares during the period. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Stock Up 0.1 %

Shares of NYSE:BOX opened at $26.30 on Wednesday. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $31.94. The company’s 50-day moving average price is $27.52 and its two-hundred day moving average price is $26.18. The firm has a market cap of $3.80 billion, a P/E ratio of 39.25, a P/E/G ratio of 9.13 and a beta of 0.84.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. The firm had revenue of $262.88 million for the quarter, compared to analyst estimates of $262.92 million. As a group, equities analysts predict that Box, Inc. will post 0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BOX news, CEO Aaron Levie sold 10,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the sale, the chief executive officer now owns 3,048,653 shares of the company’s stock, valued at approximately $89,843,803.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.26, for a total transaction of $380,380.00. Following the transaction, the chief financial officer now directly owns 1,395,702 shares in the company, valued at approximately $40,838,240.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $29.47, for a total transaction of $294,700.00. Following the transaction, the chief executive officer now owns 3,048,653 shares in the company, valued at $89,843,803.91. The disclosure for this sale can be found here. Insiders have sold a total of 133,660 shares of company stock valued at $3,792,204 in the last 90 days. 4.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and issued a $32.00 price target on shares of BOX in a report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, March 20th. Finally, Citigroup upped their target price on shares of BOX from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.89.

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.