Box, Inc. (NYSE:BOX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Box, Inc. (NYSE:BOX - Free Report) by 8,676.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,606 shares of the software maker's stock after acquiring an additional 126,152 shares during the quarter. GAMMA Investing LLC owned about 0.09% of BOX worth $4,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BOX. Versant Capital Management Inc boosted its holdings in shares of BOX by 519.4% in the 1st 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. Smartleaf Asset Management LLC lifted its position in BOX by 715.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the software maker's stock worth $69,000 after buying an additional 1,897 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in BOX by 42.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock worth $69,000 after buying an additional 653 shares during the period. Farther Finance Advisors LLC boosted its stake in BOX by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,579 shares of the software maker's stock worth $81,000 after buying an additional 417 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in BOX during the fourth quarter valued at $132,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Price Performance

Shares of NYSE:BOX traded down $0.01 during trading on Thursday, reaching $35.91. 305,325 shares of the company were exchanged, compared to its average volume of 1,935,373. The business's fifty day simple moving average is $32.22 and its 200-day simple moving average is $32.39. Box, Inc. has a 12-month low of $24.63 and a 12-month high of $38.80. The firm has a market capitalization of $5.16 billion, a PE ratio of 44.89, a P/E/G ratio of 4.42 and a beta of 0.94.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 EPS 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 for the quarter, compared to the consensus estimate of $274.77 million. During the same period last year, the business posted $0.39 EPS. BOX's quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Box, Inc. will post 0.27 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. Wall Street Zen raised shares of BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. 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, May 28th. UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and upped their target price for the company from $37.00 to $40.00 in a research note on Wednesday, May 28th. Finally, DA Davidson set a $45.00 price target on BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.50.

Insider Activity at BOX

In other news, COO Olivia Nottebohm sold 1,332 shares of BOX stock in a transaction on Monday, April 7th. The stock was sold at an average price of $29.01, for a total value of $38,641.32. Following the transaction, the chief operating officer now directly owns 492,545 shares in the company, valued at approximately $14,288,730.45. This trade represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel J. Levin sold 37,499 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $36.74, for a total value of $1,377,713.26. Following the completion of the transaction, the director now directly owns 51,530 shares of the company's stock, valued at approximately $1,893,212.20. The trade was a 42.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 86,800 shares of company stock worth $2,925,612 over the last three months. 3.90% of the stock is owned by corporate 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.