Box, Inc. (NYSE:BOX) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in Box, Inc. (NYSE:BOX - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 341,606 shares of the software maker's stock after purchasing an additional 75,041 shares during the quarter. Mackenzie Financial Corp owned approximately 0.24% of BOX worth $10,795,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vise Technologies Inc. raised its holdings in BOX by 38.5% during the fourth quarter. Vise Technologies Inc. now owns 8,540 shares of the software maker's stock valued at $270,000 after acquiring an additional 2,372 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in BOX by 20.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 445,096 shares of the software maker's stock valued at $14,065,000 after acquiring an additional 75,098 shares during the period. Woodline Partners LP raised its holdings in BOX by 63.3% during the fourth quarter. Woodline Partners LP now owns 15,294 shares of the software maker's stock valued at $483,000 after acquiring an additional 5,930 shares during the period. Vident Advisory LLC raised its holdings in BOX by 15.3% during the fourth quarter. Vident Advisory LLC now owns 116,662 shares of the software maker's stock valued at $3,687,000 after acquiring an additional 15,475 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in BOX by 694.4% during the fourth quarter. Two Sigma Advisers LP now owns 85,800 shares of the software maker's stock valued at $2,711,000 after acquiring an additional 75,000 shares during the period. 86.74% of the stock is owned by institutional investors.

BOX Stock Performance

NYSE BOX traded up $0.49 on Friday, reaching $37.84. 3,948,945 shares of the company's stock traded hands, compared to its average volume of 1,909,790. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 47.30, a P/E/G ratio of 4.42 and a beta of 0.94. The stock has a 50 day moving average price of $31.19 and a 200-day moving average price of $32.16. Box, Inc. has a fifty-two week low of $24.63 and a fifty-two week high of $37.96.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The software maker reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. BOX had a net margin of 13.96% and a negative return on equity of 17.20%. The business had revenue of $276.27 million during the quarter, compared to the consensus estimate of $274.77 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Box, Inc. will post 0.27 EPS for the current fiscal year.

BOX declared that its Board of Directors has authorized a stock repurchase program on Tuesday, March 4th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $31.52, for a total transaction of $409,760.00. Following the completion of the sale, the chief financial officer now owns 1,520,550 shares of the company's stock, valued at approximately $47,927,736. This represents a 0.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Olivia Nottebohm sold 1,332 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 492,545 shares of the company's stock, valued at $14,288,730.45. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,377 shares of company stock worth $2,060,714 in the last 90 days. Insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BOX shares. Morgan Stanley reissued a "positive" rating on shares of BOX in a report on Wednesday. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and raised their price objective for the company from $37.00 to $40.00 in a research report on Wednesday. Wall Street Zen upgraded BOX from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Raymond James restated an "outperform" rating and set a $42.00 price objective (up previously from $38.00) on shares of BOX in a research report on Wednesday. Finally, DA Davidson set a $45.00 price objective on BOX and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.50.

About BOX

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.