Mackenzie Financial Corp Has $9.03 Million Position in Box, Inc. (NYSE:BOX)

Mackenzie Financial Corp raised its stake in shares of Box, Inc. (NYSE:BOX) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 352,422 shares of the software maker’s stock after buying an additional 15,170 shares during the period. Mackenzie Financial Corp’s holdings in BOX were worth $9,026,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in shares of BOX during the 1st quarter valued at $29,000. Quarry LP boosted its stake in shares of BOX by 318.2% during 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 acquired a new stake in shares of BOX during the 3rd quarter valued at $38,000. Point72 Middle East FZE acquired a new stake in shares of BOX during the 4th quarter valued at $68,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of BOX by 201.3% during 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. Institutional investors and hedge funds own 86.74% of the company’s stock.

Insider Transactions at BOX

In other news, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the transaction, the director now owns 43,940 shares in the company, valued at approximately $1,247,896. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Aaron Levie sold 10,000 shares of the business’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 approximately $89,843,803.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel J. Levin sold 73,660 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $28.40, for a total transaction of $2,091,944.00. Following the transaction, the director now owns 43,940 shares in the company, valued at approximately $1,247,896. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,660 shares of company stock worth $3,792,204. 4.90% of the stock is currently owned by company insiders.

BOX Price Performance

Shares of BOX opened at $26.68 on Friday. The company has a market capitalization of $3.85 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 8.90 and a beta of 0.84. Box, Inc. has a one year low of $23.29 and a one year high of $31.94. The company’s fifty day moving average price is $27.48 and its 200 day moving average price is $26.20.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, March 5th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $262.88 million for the quarter, compared to the consensus estimate of $262.92 million. BOX had a net margin of 12.43% and a negative return on equity of 9.46%. Analysts anticipate that Box, Inc. will post 0.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $32.00 price objective on shares of BOX in a research note on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of BOX from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Citigroup lifted their price objective on shares of BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group lifted their price objective on shares of BOX from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and an average price target of $30.89.

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.