Box, Inc. (NYSE:BOX) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Box, Inc. (NYSE:BOX - Free Report) by 420.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,067 shares of the software maker's stock after buying an additional 24,286 shares during the quarter. SG Americas Securities LLC's holdings in BOX were worth $928,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC grew its position in BOX by 184.4% during the 1st quarter. GAMMA Investing LLC now owns 4,135 shares of the software maker's stock worth $128,000 after purchasing an additional 2,681 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of BOX by 13.3% in the first quarter. Harbor Capital Advisors Inc. now owns 31,208 shares of the software maker's stock worth $963,000 after buying an additional 3,670 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in BOX by 43.8% during the first quarter. Farther Finance Advisors LLC now owns 3,709 shares of the software maker's stock worth $116,000 after acquiring an additional 1,130 shares during the period. Portside Wealth Group LLC raised its position in BOX by 6.1% during the first quarter. Portside Wealth Group LLC now owns 10,019 shares of the software maker's stock valued at $309,000 after acquiring an additional 578 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in BOX by 11.2% during the first quarter. Congress Asset Management Co. now owns 1,846,069 shares of the software maker's stock valued at $56,970,000 after acquiring an additional 186,423 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $37.23, for a total transaction of $483,990.00. Following the transaction, the chief financial officer now owns 1,507,550 shares of the company's stock, valued at approximately $56,126,086.50. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Olivia Nottebohm sold 2,105 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $30.76, for a total value of $64,749.80. Following the completion of the sale, the chief operating officer now directly owns 427,113 shares of the company's stock, valued at $13,137,995.88. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,129 shares of company stock worth $3,459,346 over the last three months. Insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BOX shares. DA Davidson set a $45.00 price objective on BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada increased their price target on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and raised their price target for the company from $37.00 to $40.00 in a research report on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and issued a $42.00 price objective (up previously from $38.00) on shares of BOX in a report on Wednesday, May 28th. Finally, Wall Street Zen raised shares of BOX from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, BOX presently has an average rating of "Moderate Buy" and an average price target of $38.50.

BOX Trading Down 2.1%

BOX traded down $0.72 during midday trading on Friday, hitting $34.30. 3,521,724 shares of the company traded hands, compared to its average volume of 1,935,834. The business has a 50 day simple moving average of $33.03 and a two-hundred day simple moving average of $32.41. Box, Inc. has a 52-week low of $24.63 and a 52-week high of $38.80. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 26.59 and a beta of 0.94.

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 for the quarter, topping the consensus estimate of $0.25 by $0.05. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. The firm had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Box, Inc. will post 0.27 earnings per share for the current year.

BOX announced that its Board of Directors has initiated a share buyback plan on Tuesday, March 4th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the software maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management 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.