Invesco Ltd. Has $17.52 Million Stock Position in Box, Inc. $BOX

Key Points

• Invesco Ltd. increased its stake in Box, Inc. by 8.3%, owning approximately 0.39% of the company worth $17.5 million after purchasing additional shares.
• Box, Inc. reported earnings of $0.30 per share, surpassing estimates, along with a revenue of $276.27 million, which was above analysts' expectations.
• Several analysts have recently revised Box's price targets, with estimates ranging from $24.00 to $45.00, reflecting varying outlooks on the stock's performance.

Invesco Ltd. increased its holdings in shares of Box, Inc. (NYSE:BOX - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 567,786 shares of the software maker's stock after buying an additional 43,355 shares during the quarter. Invesco Ltd. owned about 0.39% of BOX worth $17,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in shares of BOX in the 1st quarter worth about $1,395,000. SG Americas Securities LLC raised its holdings in shares of BOX by 420.1% in the 1st quarter. SG Americas Securities LLC now owns 30,067 shares of the software maker's stock worth $928,000 after purchasing an additional 24,286 shares during the period. Quantinno Capital Management LP purchased a new position in shares of BOX in the 4th quarter worth about $289,000. GAMMA Investing LLC grew its stake in shares of BOX by 8,676.2% in the first quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock valued at $4,135,000 after buying an additional 126,152 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new stake in shares of BOX in the first quarter valued at about $387,000. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Down 0.7%

BOX stock traded down $0.22 during mid-day trading on Tuesday, hitting $31.21. 1,371,611 shares of the company's stock traded hands, compared to its average volume of 1,891,587. The firm has a 50 day moving average price of $32.76 and a 200 day moving average price of $32.53. The company has a market cap of $4.49 billion, a PE ratio of 24.17 and a beta of 0.96. Box, Inc. has a one year low of $28.00 and a one year high of $38.80.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BOX shares. Morgan Stanley reiterated a "positive" rating on shares of BOX in a research note on Wednesday, May 28th. UBS Group raised shares of BOX from a "buy" rating to a "strong-buy" rating and upped their price target for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. JPMorgan Chase & Co. upped their price target on shares of BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and issued a $42.00 price target (up from $38.00) on shares of BOX in a report on Wednesday, May 28th. Finally, DA Davidson set a $45.00 target price on BOX and gave the stock a "buy" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $38.50.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 5,123 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $34.06, for a total transaction of $174,489.38. Following the transaction, the director directly owned 15,284 shares of the company's stock, valued at approximately $520,573.04. The trade was a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dana L. Evan sold 7,590 shares of the company's 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 transaction, the director directly owned 115,725 shares in the company, valued at $3,877,944.75. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,504 shares of company stock worth $3,363,371. 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.