9,139 Shares in Box, Inc. (NYSE:BOX) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP bought a new position in Box, Inc. (NYSE:BOX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,139 shares of the software maker's stock, valued at approximately $289,000.

Several other hedge funds also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in BOX by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,807 shares of the software maker's stock valued at $247,000 after buying an additional 391 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 acquiring an additional 417 shares during the period. Sanctuary Advisors LLC grew its position in shares of BOX by 1.2% in the fourth quarter. Sanctuary Advisors LLC now owns 35,775 shares of the software maker's stock valued at $1,189,000 after purchasing an additional 423 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of BOX by 2.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,340 shares of the software maker's stock worth $548,000 after purchasing an additional 442 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of BOX by 2.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,155 shares of the software maker's stock worth $574,000 after purchasing an additional 486 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company's stock.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 10,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.08, for a total transaction of $320,800.00. Following the sale, the chief executive officer now directly owns 2,979,780 shares of the company's stock, valued at approximately $95,591,342.40. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Olivia Nottebohm sold 1,332 shares of BOX stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.01, for a total transaction of $38,641.32. Following the completion of the transaction, the chief operating officer now owns 492,545 shares of the company's stock, valued at $14,288,730.45. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,377 shares of company stock valued at $2,060,714 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research analyst reports. Wall Street Zen raised BOX from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 14th. Royal Bank of Canada increased their price objective on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday. DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a research report on Wednesday. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and upped their target price for the company from $37.00 to $40.00 in a research note on Wednesday. Finally, Morgan Stanley reissued a "positive" rating on shares of BOX in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.50.

BOX Stock Performance

Shares of BOX stock traded up $0.49 during mid-day trading on Friday, reaching $37.84. The company's stock had a trading volume of 3,948,945 shares, compared to its average volume of 1,909,790. The firm's 50-day moving average is $31.19 and its two-hundred day moving average is $32.17. The company has a market cap of $5.44 billion, a P/E ratio of 47.30, a PEG ratio of 4.42 and a beta of 0.94. Box, Inc. has a 1-year low of $24.63 and a 1-year high of $37.96.

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

BOX announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.