Box, Inc. (NYSE:BOX) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 29.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,295 shares of the software maker's stock after selling 7,581 shares during the period. Y Intercept Hong Kong Ltd's holdings in BOX were worth $565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in BOX by 332.5% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock worth $27,000 after acquiring an additional 665 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new stake in BOX during the 1st quarter valued at about $31,000. Versant Capital Management Inc increased its holdings in shares of BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after purchasing an additional 1,636 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after purchasing an additional 653 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of BOX by 43.8% in the first quarter. Farther Finance Advisors LLC now owns 3,709 shares of the software maker's stock worth $116,000 after purchasing an additional 1,130 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BOX has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and lifted their price objective for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a sell rating, two have given 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.50.

BOX Stock Down 0.1%

NYSE:BOX opened at $33.00 on Monday. Box, Inc. has a 52 week low of $25.96 and a 52 week high of $38.80. The stock's 50-day moving average price is $34.22 and its 200-day moving average price is $32.64. The stock has a market capitalization of $4.75 billion, a PE ratio of 25.58 and a beta of 0.90.

BOX (NYSE:BOX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating 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 business had revenue of $276.27 million for the quarter, compared to the consensus estimate of $274.77 million. During the same period last year, the firm posted $0.39 earnings per share. The company's revenue was up 4.4% compared to the same quarter last year. Sell-side analysts expect that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BOX news, 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 transaction of $100,020.00. Following the completion of the transaction, the vice president owned 133,867 shares of the company's stock, valued at $4,463,125.78. This represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Olivia Nottebohm sold 2,013 shares of BOX stock in a transaction that occurred on Monday, July 21st. The stock was 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 directly owned 532,073 shares in the company, valued at $17,292,372.50. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,925 shares of company stock worth $3,817,023 in the last quarter. 3.90% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.