Two Sigma Advisers LP Boosts Holdings in Box, Inc. (NYSE:BOX)

Two Sigma Advisers LP boosted its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 694.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,800 shares of the software maker's stock after acquiring an additional 75,000 shares during the quarter. Two Sigma Advisers LP owned about 0.06% of BOX worth $2,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Earnest Partners LLC boosted its stake in BOX by 2.1% during the fourth quarter. Earnest Partners LLC now owns 7,896,931 shares of the software maker's stock worth $249,543,000 after buying an additional 162,437 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of BOX by 103.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock worth $107,009,000 after purchasing an additional 1,725,197 shares during the period. Sei Investments Co. increased its holdings in BOX by 8.4% in the 4th quarter. Sei Investments Co. now owns 3,286,619 shares of the software maker's stock valued at $103,857,000 after purchasing an additional 255,623 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in BOX by 0.4% in 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 purchasing an additional 11,376 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in BOX by 11.8% in the fourth quarter. Renaissance Technologies LLC now owns 2,205,926 shares of the software maker's stock valued at $69,707,000 after purchasing an additional 233,100 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Aaron Levie sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.08, for a total transaction of $320,800.00. Following the transaction, the chief executive officer now owns 2,979,780 shares of the company's stock, valued at approximately $95,591,342.40. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $31.95, for a total transaction of $415,350.00. Following the completion of the sale, the chief financial officer now directly owns 1,440,684 shares of the company's stock, valued at $46,029,853.80. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,377 shares of company stock worth $2,060,714. 3.90% of the stock is owned by corporate insiders.

BOX Price Performance

Shares of NYSE BOX traded up $0.49 on Friday, hitting $37.84. The company's stock had a trading volume of 3,948,945 shares, compared to its average volume of 1,909,790. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $37.96. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 47.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. The stock has a 50 day moving average of $31.19 and a 200-day moving average of $32.16.

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 negative return on equity of 17.20% and a net margin of 13.96%. The company had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. During the same quarter last year, the business posted $0.39 earnings per share. BOX's revenue was up 4.4% compared to the same quarter last year. Sell-side analysts expect that Box, Inc. will post 0.27 EPS for the current fiscal year.

BOX declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 4th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the software maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BOX. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday. DA Davidson set a $45.00 price target on shares of BOX and gave the stock a "buy" rating in a research report on Wednesday. Raymond James 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. Finally, UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and upped their target price for the stock from $37.00 to $40.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.