Quantinno Capital Management LP Invests $289,000 in Box, Inc. (NYSE:BOX)

Quantinno Capital Management LP purchased a new stake in Box, Inc. (NYSE:BOX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,139 shares of the software maker's stock, valued at approximately $289,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its stake in BOX by 715.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock valued at $69,000 after purchasing an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in BOX by 42.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after purchasing an additional 653 shares during the last quarter. Farther Finance Advisors LLC increased its stake in BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock valued at $81,000 after purchasing an additional 417 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in BOX during the fourth quarter valued at $132,000. Finally, Plato Investment Management Ltd bought a new stake in BOX during the fourth quarter valued at $134,000. 86.74% of the stock is owned by institutional investors and hedge funds.

BOX Stock Performance

NYSE BOX traded up $0.51 on Thursday, reaching $37.38. The company's stock had a trading volume of 12,781,958 shares, compared to its average volume of 1,927,893. Box, Inc. has a twelve month low of $24.63 and a twelve month high of $37.66. The stock has a market cap of $5.38 billion, a PE ratio of 46.73, a PEG ratio of 4.42 and a beta of 0.94. The firm's 50 day moving average is $30.92 and its two-hundred day moving average is $32.14.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The company had revenue of $276.27 million during the quarter, compared to analyst estimates of $274.77 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Box, Inc. will post 0.27 EPS for the current fiscal year.

BOX declared that its board has initiated a stock repurchase program on Tuesday, March 4th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $31.95, for a total value of $415,350.00. Following the transaction, the chief financial officer now owns 1,440,684 shares in the company, valued at approximately $46,029,853.80. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Olivia Nottebohm sold 1,332 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $29.01, for a total value of $38,641.32. Following the completion of the transaction, the chief operating officer now owns 492,545 shares in the company, valued at $14,288,730.45. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,377 shares of company stock worth $2,060,714 in the last 90 days. Company insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BOX. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday. Raymond James restated an "outperform" rating and set a $42.00 price target (up previously from $38.00) on shares of BOX in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Wednesday. DA Davidson upped their price target on shares of BOX from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and upped their price objective for the stock from $37.00 to $40.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.11.

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.