Allianz Asset Management GmbH Makes New Investment in Box, Inc. (NYSE:BOX)

Key Points

• Allianz Asset Management GmbH acquired a new stake in Box, Inc. by purchasing 20,200 shares valued at approximately $623,000 during the first quarter.
• Box, Inc. reported a 0.30 EPS for the last quarter, exceeding analysts' expectations, alongside quarterly revenue of $276.27 million.
• Analysts have set a consensus rating of "Moderate Buy" for Box, Inc., with a target price of $38.50 after several research reports suggested different price objectives.

Allianz Asset Management GmbH bought a new position in Box, Inc. (NYSE:BOX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 20,200 shares of the software maker's stock, valued at approximately $623,000.

A number of other large investors also recently modified their holdings of BOX. Commonwealth Equity Services LLC lifted its holdings in shares of BOX by 7.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,887 shares of the software maker's stock worth $312,000 after purchasing an additional 659 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of BOX by 11.1% in the 4th quarter. LPL Financial LLC now owns 20,757 shares of the software maker's stock worth $656,000 after purchasing an additional 2,066 shares in the last quarter. Norges Bank bought a new position in shares of BOX in the 4th quarter worth $29,973,000. Pictet Asset Management Holding SA lifted its stake in BOX by 19.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 21,324 shares of the software maker's stock valued at $674,000 after acquiring an additional 3,461 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in BOX by 52.5% during the 4th quarter. Alliancebernstein L.P. now owns 289,179 shares of the software maker's stock valued at $9,138,000 after acquiring an additional 99,609 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Stock Up 0.9%

Shares of BOX stock traded up $0.29 during trading hours on Wednesday, reaching $31.86. 491,711 shares of the stock traded hands, compared to its average volume of 1,897,161. The company has a 50 day moving average price of $34.32 and a 200 day moving average price of $32.67. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 24.71 and a beta of 0.96. Box, Inc. has a one year low of $26.71 and a one year high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The business had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. BOX had a negative return on equity of 20.17% and a net margin of 21.38%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. Sell-side analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at BOX

In other news, Director Bethany Mayer sold 5,123 shares of BOX stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the transaction, the director directly owned 15,284 shares of the company's stock, valued at $520,573.04. The trade was a 25.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $33.35, for a total value of $500,250.00. Following the transaction, the chief executive officer directly owned 2,952,030 shares in the company, valued at approximately $98,450,200.50. The trade was a 0.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,925 shares of company stock worth $3,817,023. 3.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BOX has been the subject of a number of recent analyst reports. DA Davidson set a $45.00 target price on BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Royal Bank Of Canada lifted their target price on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, May 28th. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. JPMorgan Chase & Co. upped their target price on BOX from $37.00 to $39.00 and gave the company an "overweight" 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.