Natixis Advisors LLC Boosts Stake in Box, Inc. (NYSE:BOX)

Key Points

• Natixis Advisors LLC increased its stake in Box, Inc. by 15.2% during the 1st quarter, owning approximately 0.35% of the company worth $15.36 million.
• Several institutional investors have recently increased their positions in Box, including Alliancebernstein L.P. which raised its stake by 52.5%.
• An upgraded outlook from UBS Group raised Box's target price from $37.00 to $40.00, with ongoing positive sentiment reflected in recent analyst ratings.

Natixis Advisors LLC grew its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 15.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 497,592 shares of the software maker's stock after acquiring an additional 65,711 shares during the quarter. Natixis Advisors LLC owned about 0.35% of BOX worth $15,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BOX. Vestcor Inc purchased a new position in shares of BOX during the 1st quarter worth about $399,000. XTX Topco Ltd boosted its stake in BOX by 517.8% during the first quarter. XTX Topco Ltd now owns 52,105 shares of the software maker's stock worth $1,608,000 after buying an additional 43,671 shares during the last quarter. TCTC Holdings LLC grew its holdings in shares of BOX by 115.4% during the 1st quarter. TCTC Holdings LLC now owns 825 shares of the software maker's stock worth $25,000 after purchasing an additional 442 shares during the period. Mackenzie Financial Corp grew its stake in shares of BOX by 42.4% in the first quarter. Mackenzie Financial Corp now owns 486,433 shares of the software maker's stock valued at $15,011,000 after buying an additional 144,827 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of BOX in the first quarter valued at $124,000. 86.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on BOX. Royal Bank Of Canada lifted their target price on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, May 28th. UBS Group raised shares of 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 research note on Wednesday, May 28th. Morgan Stanley restated a "positive" rating on shares of BOX in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.50.

BOX Stock Down 0.1%

BOX stock traded down $0.05 during midday trading on Thursday, reaching $31.95. The stock had a trading volume of 2,328,929 shares, compared to its average volume of 1,905,423. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 24.76 and a beta of 0.96. Box, Inc. has a twelve month low of $26.87 and a twelve month high of $38.80. The business has a fifty day simple moving average of $34.22 and a two-hundred day simple moving average of $32.66.

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 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 analysts' expectations of $274.77 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts predict that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Transactions at BOX

In related news, COO Olivia Nottebohm sold 2,013 shares of BOX stock in a transaction on Monday, July 21st. The shares were sold at an average price of $32.50, for a total value of $65,422.50. Following the completion of the sale, the chief operating officer owned 532,073 shares of the company's stock, valued at approximately $17,292,372.50. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eli Berkovitch sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the completion of the sale, the vice president directly owned 133,867 shares of the company's stock, valued at approximately $4,463,125.78. This trade represents a 2.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,925 shares of company stock valued at $3,817,023. 3.90% of the stock is owned by insiders.

BOX Company 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.