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

Mackenzie Financial Corp grew its stake in Box, Inc. (NYSE:BOX - Free Report) by 42.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 486,433 shares of the software maker's stock after purchasing an additional 144,827 shares during the period. Mackenzie Financial Corp owned approximately 0.34% of BOX worth $15,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of BOX by 332.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 865 shares of the software maker's stock valued at $27,000 after purchasing an additional 665 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of BOX in the first quarter valued at approximately $31,000. Versant Capital Management Inc grew its position in shares of BOX by 519.4% in the first quarter. Versant Capital Management Inc now owns 1,951 shares of the software maker's stock valued at $60,000 after purchasing an additional 1,636 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of BOX by 42.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,194 shares of the software maker's stock valued at $69,000 after purchasing an additional 653 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of BOX by 43.8% in the first quarter. Farther Finance Advisors LLC now owns 3,709 shares of the software maker's stock valued at $116,000 after purchasing an additional 1,130 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Price Performance

Shares of NYSE BOX traded down $0.49 during mid-day trading on Friday, hitting $31.61. The company had a trading volume of 1,795,183 shares, compared to its average volume of 1,453,333. The company has a market capitalization of $4.55 billion, a PE ratio of 24.50 and a beta of 0.96. Box, Inc. has a 1-year low of $25.96 and a 1-year high of $38.80. The business's 50-day simple moving average is $34.30 and its 200 day simple moving average is $32.67.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $274.77 million. During the same period last year, the firm earned $0.39 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect that Box, Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling

In other BOX news, Director Dana L. Evan sold 7,590 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $33.51, for a total value of $254,340.90. Following the sale, the director directly owned 115,725 shares in the company, valued at $3,877,944.75. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Olivia Nottebohm sold 2,013 shares of the firm's stock in a transaction 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 approximately $17,292,372.50. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,925 shares of company stock valued at $3,817,023 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BOX shares. UBS Group upgraded BOX from a "buy" rating to a "strong-buy" rating and increased their price objective for the stock from $37.00 to $40.00 in a research report on Wednesday, May 28th. Wall Street Zen lowered BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. Raymond James Financial restated an "outperform" rating and set a $42.00 price target (up from $38.00) on shares of BOX in a research report on Wednesday, May 28th. Morgan Stanley restated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada raised their price target on BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, BOX has an average 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.