Krilogy Financial LLC Acquires Shares of 12,542 Box, Inc. (NYSE:BOX)

Krilogy Financial LLC purchased a new stake in Box, Inc. (NYSE:BOX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,542 shares of the software maker's stock, valued at approximately $387,000.

A number of other large investors also recently made changes to their positions in BOX. Arrowstreet Capital Limited Partnership increased its position in shares of BOX by 103.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,386,370 shares of the software maker's stock valued at $107,009,000 after buying an additional 1,725,197 shares in the last quarter. Norges Bank acquired a new position in BOX in the fourth quarter valued at about $29,973,000. Jupiter Asset Management Ltd. acquired a new stake in shares of BOX during the fourth quarter worth about $24,234,000. Fisher Asset Management LLC raised its position in shares of BOX by 420.6% during the fourth quarter. Fisher Asset Management LLC now owns 857,498 shares of the software maker's stock worth $27,097,000 after purchasing an additional 692,784 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of BOX by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,633,647 shares of the software maker's stock valued at $51,623,000 after purchasing an additional 304,755 shares during the period. Institutional investors and hedge funds own 86.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BOX. 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. Morgan Stanley reiterated a "positive" rating on shares of BOX in a report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target on BOX from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. UBS Group raised BOX from a "buy" rating to a "strong-buy" rating and upped their price objective for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. Finally, Wall Street Zen raised BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

BOX Price Performance

BOX stock traded down $0.65 during mid-day trading on Wednesday, reaching $35.19. The company had a trading volume of 764,831 shares, compared to its average volume of 1,939,981. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 27.21 and a beta of 0.94. Box, Inc. has a 52 week low of $24.63 and a 52 week high of $38.80. The stock has a 50 day simple moving average of $32.76 and a two-hundred day simple moving average of $32.38.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results 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. The business had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. BOX had a net margin of 21.38% and a negative return on equity of 20.17%. BOX's revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, equities analysts predict that Box, Inc. will post 0.27 EPS for the current year.

BOX declared that its board has approved a share buyback program on Tuesday, March 4th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, COO Olivia Nottebohm sold 2,105 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $30.76, for a total transaction of $64,749.80. Following the transaction, the chief operating officer now directly owns 427,113 shares of the company's stock, valued at approximately $13,137,995.88. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eli Berkovitch sold 5,651 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $30.66, for a total transaction of $173,259.66. Following the completion of the sale, the vice president now directly owns 124,672 shares of the company's stock, valued at $3,822,443.52. This represents a 4.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,129 shares of company stock valued at $3,459,346. Company insiders own 3.90% of the company's stock.

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.