Box, Inc. $BOX Stock Holdings Increased by RGM Capital LLC

Key Points

• RGM Capital LLC increased its holdings in Box, Inc. by 9.3%, owning approximately 3.75 million shares worth about $115.7 million.
• Box, Inc. reported a quarterly earnings per share (EPS) of $0.30, surpassing analyst expectations of $0.25, with revenue growth of 4.4% year-over-year.
• Several institutional investors have recently raised their stakes in BOX, with 86.74% of the company's stock owned by institutional investors.

RGM Capital LLC raised its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749,773 shares of the software maker's stock after acquiring an additional 318,459 shares during the period. BOX makes up 4.8% of RGM Capital LLC's holdings, making the stock its 11th largest position. RGM Capital LLC owned approximately 2.61% of BOX worth $115,718,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BOX. Dimensional Fund Advisors LP raised its stake in BOX by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,610,450 shares of the software maker's stock valued at $82,492,000 after acquiring an additional 11,376 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of BOX by 4.6% in the 4th quarter. MetLife Investment Management LLC now owns 84,995 shares of the software maker's stock worth $2,686,000 after buying an additional 3,759 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of BOX by 25.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,315 shares of the software maker's stock worth $200,000 after buying an additional 1,271 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 worth $69,000 after buying an additional 653 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of BOX by 31.4% in the 4th quarter. Stifel Financial Corp now owns 53,924 shares of the software maker's stock worth $1,704,000 after buying an additional 12,898 shares in the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Trading Down 1.1%

Shares of BOX stock opened at $31.44 on Tuesday. Box, Inc. has a 1-year low of $28.00 and a 1-year high of $38.80. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 24.37 and a beta of 0.96. The stock's fifty day simple moving average is $32.76 and its 200-day simple moving average is $32.53.

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

Insider Buying and Selling at BOX

In other news, Director Daniel J. Levin sold 37,499 shares of BOX stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $36.74, for a total transaction of $1,377,713.26. Following the transaction, the director owned 51,530 shares in the company, valued at approximately $1,893,212.20. The trade was a 42.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Levie sold 15,000 shares of BOX stock in a transaction on 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 owned 2,952,030 shares in the company, valued at $98,450,200.50. This represents a 0.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,504 shares of company stock valued at $3,363,371 in the last ninety days. Company insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

BOX has been the topic of a number of research reports. Raymond James Financial reissued an "outperform" rating and issued a $42.00 price objective (up previously from $38.00) on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. lifted their target price on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Morgan Stanley restated a "positive" rating on shares of BOX in a report on Wednesday, May 28th. Finally, UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and lifted their target price for the stock from $37.00 to $40.00 in a report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.50.

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.

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