GAMMA Investing LLC Acquires 2,681 Shares of Box, Inc. (NYSE:BOX)

GAMMA Investing LLC boosted its holdings in Box, Inc. (NYSE:BOX) by 184.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,135 shares of the software maker’s stock after acquiring an additional 2,681 shares during the quarter. GAMMA Investing LLC’s holdings in BOX were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in BOX by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker’s stock worth $81,000 after acquiring an additional 417 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in BOX by 2.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,155 shares of the software maker’s stock worth $574,000 after acquiring an additional 486 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of BOX by 6.1% in the 1st quarter. Portside Wealth Group LLC now owns 10,019 shares of the software maker’s stock worth $309,000 after purchasing an additional 578 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of BOX by 42.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after purchasing an additional 653 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of BOX by 7.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,887 shares of the software maker’s stock worth $312,000 after purchasing an additional 659 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BOX. Royal Bank Of Canada upped their price objective on BOX from $21.00 to $24.00 and gave the stock an “underperform” rating in a report on Wednesday, May 28th. Raymond James Financial reiterated an “outperform” rating and issued a $42.00 price objective (up from $38.00) on shares of BOX in a report on Wednesday, May 28th. JPMorgan Chase & Co. upped their price objective on BOX from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. Wall Street Zen cut BOX from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. Finally, DA Davidson set a $45.00 price objective on BOX and gave the stock a “buy” rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

BOX Price Performance

Shares of BOX stock opened at $33.26 on Friday. The stock has a market capitalization of $4.78 billion, a PE ratio of 25.78 and a beta of 0.90. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $38.80. The business has a 50-day moving average of $33.79 and a 200 day moving average of $32.51.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $276.27 million during the quarter, compared to analysts’ expectations of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. BOX’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. Analysts anticipate that Box, Inc. will post 0.27 EPS for the current year.

Insider Activity at BOX

In other BOX news, Director Bethany Mayer sold 5,123 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the completion of the transaction, the director owned 15,284 shares of the company’s stock, valued at $520,573.04. This represents a 25.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Eli Berkovitch sold 5,924 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $37.70, for a total value of $223,334.80. Following the transaction, the vice president directly owned 138,770 shares of the company’s stock, valued at $5,231,629. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,509 shares of company stock worth $3,465,476 over the last three months. Corporate insiders own 3.90% of the company’s stock.

BOX Company Profile

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.