Box, Inc. $BOX Shares Acquired by Creative Planning

Creative Planning boosted its position in Box, Inc. (NYSE:BOX) by 84.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,251 shares of the software maker’s stock after purchasing an additional 17,950 shares during the period. Creative Planning’s holdings in BOX were worth $1,341,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC lifted its holdings in shares of BOX by 36.4% in the second quarter. Acadian Asset Management LLC now owns 4,137,447 shares of the software maker’s stock valued at $141,345,000 after buying an additional 1,104,314 shares during the period. RGM Capital LLC raised its position in BOX by 9.3% in the first quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker’s stock worth $115,718,000 after acquiring an additional 318,459 shares in the last quarter. Geode Capital Management LLC raised its position in BOX by 1.0% in the second quarter. Geode Capital Management LLC now owns 3,346,923 shares of the software maker’s stock worth $114,379,000 after acquiring an additional 32,884 shares in the last quarter. Congress Asset Management Co. lifted its holdings in BOX by 2.2% in the 2nd quarter. Congress Asset Management Co. now owns 1,886,750 shares of the software maker’s stock valued at $64,470,000 after acquiring an additional 40,681 shares during the last quarter. Finally, Sunriver Management LLC boosted its position in shares of BOX by 62.9% during the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock valued at $47,736,000 after purchasing an additional 597,410 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other BOX news, Director Jack R. Lazar sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $32.20, for a total value of $161,000.00. Following the transaction, the director owned 27,855 shares in the company, valued at approximately $896,931. This represents a 15.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dylan C. Smith sold 51,000 shares of BOX stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $32.83, for a total transaction of $1,674,330.00. Following the sale, the chief financial officer directly owned 1,480,732 shares of the company’s stock, valued at $48,612,431.56. This trade represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 122,336 shares of company stock valued at $3,986,999 in the last three months. 3.90% of the stock is currently owned by insiders.

BOX Stock Down 0.4%

Shares of BOX stock opened at $29.55 on Friday. The stock has a market cap of $4.28 billion, a PE ratio of 23.83 and a beta of 0.87. Box, Inc. has a 12 month low of $28.00 and a 12 month high of $38.80. The business has a fifty day simple moving average of $31.89 and a 200-day simple moving average of $32.77.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 26th. The software maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $294.00 million during the quarter, compared to analyst estimates of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.44 EPS. Analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BOX shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BOX in a report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating and issued a $42.00 target price on shares of BOX in a report on Wednesday, August 27th. UBS Group lowered BOX from a “buy” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Zacks Research downgraded BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Royal Bank Of Canada lifted their price target on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 27th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BOX has a consensus rating of “Moderate Buy” and an average target price of $38.25.

BOX 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.