Tennessee Valley Asset Management Partners Makes New Investment in Box, Inc. (NYSE:BOX)

Tennessee Valley Asset Management Partners acquired a new position in shares of Box, Inc. (NYSE:BOX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,218 shares of the software maker’s stock, valued at approximately $185,000.

Other hedge funds have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new stake in shares of BOX in the first quarter valued at $29,000. Quarry LP increased its stake in shares of BOX by 318.2% in the first 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 in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of BOX in the third quarter valued at $38,000. Point72 Middle East FZE acquired a new stake in shares of BOX in the fourth quarter valued at $68,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of BOX by 201.3% in the first 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 in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the transaction, the chief financial officer now owns 1,578,912 shares in the company, valued at $43,104,297.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $27.30, for a total transaction of $354,900.00. Following the transaction, the chief financial officer now owns 1,578,912 shares in the company, valued at approximately $43,104,297.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dana L. Evan sold 11,000 shares of BOX stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $28.47, for a total value of $313,170.00. Following the transaction, the director now owns 116,535 shares in the company, valued at approximately $3,317,751.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,660 shares of company stock worth $3,792,204. Insiders own 4.90% of the company’s stock.

BOX Trading Up 0.8 %

Shares of BOX opened at $26.67 on Monday. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $31.94. The stock has a market cap of $3.85 billion, a P/E ratio of 39.81, a price-to-earnings-growth ratio of 9.04 and a beta of 0.84. The stock’s 50-day moving average price is $27.48 and its two-hundred day moving average price is $26.22.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research note on Wednesday, March 20th. Citigroup raised their target price on BOX from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price objective on BOX from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. UBS Group lifted their price objective on BOX from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, TheStreet upgraded BOX from a “c” rating to a “b” rating in a research report on Tuesday, March 5th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.89.

About BOX

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.