Bryce Point Capital LLC Has $846,000 Stock Position in Box, Inc. (NYSE:BOX)

Key Points

• Bryce Point Capital LLC has reduced its stake in Box, Inc. by 50.4%, selling 25,847 shares during the first quarter, leaving them with 25,425 shares valued at $846,000.
• Wall Street analysts have mixed ratings for Box, Inc., with a consensus rating of "Moderate Buy" and a target price averaging $38.50.
• Box, Inc. reported earnings of $0.30 EPS, exceeding analyst expectations, and a revenue increase of 4.4% year-over-year for the most recent quarter.

Bryce Point Capital LLC reduced its position in Box, Inc. (NYSE:BOX - Free Report) by 50.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,425 shares of the software maker's stock after selling 25,847 shares during the period. Bryce Point Capital LLC's holdings in BOX were worth $846,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BOX shares. Morgan Stanley restated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. JPMorgan Chase & Co. upped their price target on BOX from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 28th. Raymond James Financial reiterated an "outperform" rating and set a $42.00 price target (up previously from $38.00) on shares of BOX 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, Royal Bank Of Canada boosted their price objective on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $38.50.

Insider Transactions at BOX

In other news, CEO Aaron Levie sold 15,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $33.35, for a total value of $500,250.00. Following the sale, the chief executive officer directly owned 2,952,030 shares in the company, valued at $98,450,200.50. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Olivia Nottebohm sold 2,013 shares of the company's stock in a transaction that occurred 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 in the company, valued at $17,292,372.50. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,925 shares of company stock worth $3,817,023. 3.90% of the stock is currently owned by company insiders.

BOX Stock Down 0.6%

BOX stock traded down $0.20 during trading hours on Thursday, hitting $32.31. The stock had a trading volume of 451,468 shares, compared to its average volume of 1,910,342. The company has a 50-day moving average of $34.28 and a two-hundred day moving average of $32.65. The company has a market cap of $4.65 billion, a PE ratio of 25.04 and a beta of 0.90. Box, Inc. has a fifty-two week low of $25.96 and a fifty-two week high of $38.80.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The software maker reported $0.30 EPS for the quarter, topping 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 analyst estimates of $274.77 million. During the same period in the prior year, the company earned $0.39 EPS. BOX's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

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.