Mizuho Markets Americas LLC Raises Holdings in Box, Inc. (NYSE:BOX)

Key Points

• Mizuho Markets Americas LLC increased its holdings in Box, Inc. by 3.8%, owning approximately 616,948 shares worth $19 million at the end of the last quarter.
• Box's recent earnings report showed an EPS of $0.30, exceeding analysts' expectations of $0.25, with revenue of $276.27 million, a 4.4% increase year-over-year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Box, Inc., with an average price target of $38.50 following several rating upgrades from different brokerages.

Mizuho Markets Americas LLC grew its stake in Box, Inc. (NYSE:BOX - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 616,948 shares of the software maker's stock after purchasing an additional 22,700 shares during the period. Mizuho Markets Americas LLC owned approximately 0.43% of BOX worth $19,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec grew its position in BOX by 219.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 420,907 shares of the software maker's stock worth $13,301,000 after acquiring an additional 289,112 shares during the period. Janus Henderson Group PLC grew its position in BOX by 126.0% in the fourth quarter. Janus Henderson Group PLC now owns 487,387 shares of the software maker's stock worth $15,399,000 after acquiring an additional 271,745 shares during the period. Freestone Grove Partners LP purchased a new position in BOX in the fourth quarter worth approximately $8,551,000. Raymond James Financial Inc. purchased a new position in BOX in the fourth quarter worth approximately $8,405,000. Finally, Edgestream Partners L.P. grew its position in BOX by 248.8% in the first quarter. Edgestream Partners L.P. now owns 294,887 shares of the software maker's stock worth $9,100,000 after acquiring an additional 210,350 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of research reports. DA Davidson set a $45.00 price target on BOX and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and set a $42.00 price target (up from $38.00) on shares of BOX in a research note on Wednesday, May 28th. Royal Bank Of Canada upped their price target on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research note on Wednesday, May 28th. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and upped their price target for the stock from $37.00 to $40.00 in a research note on Wednesday, May 28th. Finally, Wall Street Zen cut BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. One equities research analyst has rated the stock with a sell rating, two have issued 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, BOX has an average rating of "Moderate Buy" and an average price target of $38.50.

Insider Transactions at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $37.23, for a total value of $483,990.00. Following the transaction, the chief financial officer owned 1,507,550 shares of the company's stock, valued at $56,126,086.50. This represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dana L. Evan sold 7,590 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $33.51, for a total value of $254,340.90. Following the completion of the transaction, the director directly owned 115,725 shares in the company, valued at $3,877,944.75. This trade represents a 6.15% 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 over the last ninety days. Company insiders own 3.90% of the company's stock.

BOX Price Performance

Shares of NYSE BOX traded down $0.52 during mid-day trading on Thursday, hitting $31.16. The company had a trading volume of 681,461 shares, compared to its average volume of 1,895,070. The company has a market capitalization of $4.48 billion, a PE ratio of 24.15 and a beta of 0.96. Box, Inc. has a 1-year low of $27.86 and a 1-year high of $38.80. The business's 50-day simple moving average is $33.57 and its 200 day simple moving average is $32.66.

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

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.