Box, Inc. (NYSE:BOX) Stock Holdings Increased by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in Box, Inc. (NYSE:BOX - Free Report) by 42.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,433 shares of the software maker's stock after acquiring an additional 144,827 shares during the period. Mackenzie Financial Corp owned about 0.34% of BOX worth $15,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cerity Partners LLC purchased a new position in BOX in the first quarter worth approximately $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 valued at $928,000 after purchasing an additional 24,286 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of BOX during the 4th quarter worth $289,000. GAMMA Investing LLC lifted its position in shares of BOX by 8,676.2% during the 1st quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock worth $4,135,000 after purchasing an additional 126,152 shares during the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of BOX during the fourth quarter worth $1,418,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Trading Down 1.5%

BOX stock traded down $0.49 on Friday, hitting $31.61. The company's stock had a trading volume of 1,795,183 shares, compared to its average volume of 1,453,333. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 24.50 and a beta of 0.96. The firm has a 50 day moving average of $34.29 and a two-hundred day moving average of $32.66. Box, Inc. has a 1 year low of $25.96 and a 1 year high of $38.80.

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 net margin of 21.38% and a negative return on equity of 20.17%. The company had revenue of $276.27 million for the quarter, compared to analysts' expectations of $274.77 million. During the same period in the previous year, the company posted $0.39 EPS. BOX's revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

Insider Activity at BOX

In related news, COO Olivia Nottebohm sold 2,013 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer directly owned 532,073 shares of the company's stock, valued at approximately $17,292,372.50. This trade represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director directly owned 15,284 shares of the company's stock, valued at approximately $520,573.04. This trade represents a 25.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,925 shares of company stock worth $3,817,023 over the last three months. Company insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

BOX has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised 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. Morgan Stanley reissued a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. Raymond James Financial restated an "outperform" rating and set a $42.00 target price (up previously from $38.00) on shares of BOX in a research note on Wednesday, May 28th. Wall Street Zen lowered shares of BOX from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, Royal Bank Of Canada increased their target price on shares of BOX from $21.00 to $24.00 and gave the company an "underperform" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.50.

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.