Wealth Enhancement Advisory Services LLC Buys New Stake in Box, Inc. (NYSE:BOX)

Wealth Enhancement Advisory Services LLC purchased a new position in shares of Box, Inc. (NYSE:BOX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,448 shares of the software maker’s stock, valued at approximately $211,000.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock valued at $44,000 after purchasing an additional 787 shares in the last quarter. Quarry LP increased its holdings in BOX by 324.6% in the second quarter. Quarry LP now owns 1,418 shares of the software maker’s stock valued at $37,000 after buying an additional 1,084 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of BOX in the second quarter worth about $53,000. Nisa Investment Advisors LLC boosted its stake in shares of BOX by 31.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after acquiring an additional 632 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of BOX during the 2nd quarter valued at about $95,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jack R. Lazar sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $32.68, for a total transaction of $228,760.00. Following the transaction, the director now owns 29,197 shares of the company’s stock, valued at approximately $954,157.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Jack R. Lazar sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the completion of the transaction, the director now directly owns 29,197 shares in the company, valued at approximately $954,157.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the sale, the chief financial officer now directly owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,000 shares of company stock valued at $1,408,290 in the last three months. 4.10% of the stock is currently owned by insiders.

BOX Trading Down 0.7 %

BOX opened at $34.23 on Wednesday. Box, Inc. has a twelve month low of $23.29 and a twelve month high of $35.01. The firm has a market capitalization of $4.90 billion, a PE ratio of 43.33 and a beta of 0.85. The firm’s 50-day moving average price is $32.62 and its 200 day moving average price is $29.00.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The business had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. During the same period in the previous year, the firm posted $0.01 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Citigroup upped their price target on BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. UBS Group lifted their price target on shares of BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Morgan Stanley upped their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.22.

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.