Cetera Investment Advisers Grows Position in Box, Inc. $BOX

Cetera Investment Advisers boosted its holdings in Box, Inc. (NYSE:BOX) by 57.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,516 shares of the software maker’s stock after acquiring an additional 5,644 shares during the quarter. Cetera Investment Advisers’ holdings in BOX were worth $479,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of BOX by 332.5% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock valued at $27,000 after acquiring an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new position in BOX during the first quarter worth about $31,000. Versant Capital Management Inc lifted its position in BOX by 519.4% during the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker’s stock worth $60,000 after buying an additional 1,636 shares during the period. TD Waterhouse Canada Inc. lifted its position in BOX by 42.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker’s stock worth $69,000 after buying an additional 653 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in BOX by 43.8% during the first quarter. Farther Finance Advisors LLC now owns 3,709 shares of the software maker’s stock worth $116,000 after buying an additional 1,130 shares during the period. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BOX. Royal Bank Of Canada increased their target price on BOX from $21.00 to $24.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. increased their target price on BOX from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. UBS Group upgraded BOX from a “buy” rating to a “strong-buy” rating and increased their target price for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. DA Davidson set a $45.00 price objective on BOX and gave the stock a “buy” rating in a report on Wednesday, May 28th. Finally, Morgan Stanley restated a “positive” rating on shares of BOX in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, BOX presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

BOX Stock Performance

Shares of NYSE:BOX opened at $31.58 on Monday. The company has a market cap of $4.54 billion, a P/E ratio of 24.48 and a beta of 0.96. Box, Inc. has a one year low of $27.91 and a one year high of $38.80. The business’s 50-day simple moving average is $33.32 and its 200 day simple moving average is $32.63.

BOX (NYSE:BOX) last issued its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The firm had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. During the same quarter last year, the firm earned $0.39 EPS. BOX’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts predict that Box, Inc. will post 0.27 earnings per share for the current year.

Insider Activity

In other BOX news, COO Olivia Nottebohm sold 2,013 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $32.00, for a total transaction of $64,416.00. Following the completion of the sale, the chief operating officer owned 530,060 shares in the company, valued at $16,961,920. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana L. Evan sold 7,590 shares of BOX stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the transaction, the director owned 115,725 shares of the company’s stock, valued at approximately $3,877,944.75. The trade was a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,504 shares of company stock worth $3,363,371 over the last quarter. Corporate insiders own 3.90% of the company’s stock.

About BOX

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.