Cetera Investment Advisers Has $479,000 Holdings in Box, Inc. $BOX

Cetera Investment Advisers grew its position in shares of Box, Inc. (NYSE:BOX) by 57.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,516 shares of the software maker’s stock after buying 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 Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of BOX by 332.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker’s stock valued at $27,000 after buying an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of BOX in the 1st quarter valued at approximately $31,000. Versant Capital Management Inc raised its stake in shares of BOX by 519.4% in the 1st quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker’s stock valued at $60,000 after acquiring an additional 1,636 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake 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 valued at $69,000 after acquiring an additional 653 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of BOX by 43.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,709 shares of the software maker’s stock valued at $116,000 after acquiring an additional 1,130 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Price Performance

Shares of BOX stock opened at $31.58 on Monday. The stock’s fifty day simple moving average is $33.32 and its 200 day simple moving average is $32.63. The firm has a market cap of $4.54 billion, a price-to-earnings 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.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $276.27 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling

In other BOX news, CEO Aaron Levie sold 15,000 shares of the business’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the transaction, the chief executive officer owned 2,952,030 shares of the company’s stock, valued at approximately $98,450,200.50. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eli Berkovitch sold 5,924 shares of the business’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $37.70, for a total value of $223,334.80. Following the completion of the transaction, the vice president directly owned 138,770 shares in the company, valued at approximately $5,231,629. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,504 shares of company stock valued at $3,363,371. Insiders own 3.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BOX shares. Raymond James Financial reissued an “outperform” rating and issued a $42.00 price objective (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target 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 raised BOX from a “buy” rating to a “strong-buy” rating and lifted their price target for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. Royal Bank Of Canada lifted their price target on BOX from $21.00 to $24.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of BOX in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.50.

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.