XTX Topco Ltd Raises Stock Holdings in Box, Inc. (NYSE:BOX)

Key Points

• XTX Topco Ltd increased its position in Box, Inc. by 517.8%, holding 52,105 shares valued at approximately $1.61 million after purchasing an additional 43,671 shares in Q1.
• Institutional investors now own 86.74% of Box, Inc.'s stock, with notable increases from several firms, including TCTC Holdings LLC and Versant Capital Management Inc.
• Box, Inc. reported $0.30 earnings per share for the last quarter, surpassing analyst estimates, and the stock currently has a consensus rating of "Moderate Buy" with an average price target of $38.50.

XTX Topco Ltd increased its stake in Box, Inc. (NYSE:BOX - Free Report) by 517.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,105 shares of the software maker's stock after buying an additional 43,671 shares during the period. XTX Topco Ltd's holdings in BOX were worth $1,608,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new position in BOX in the first quarter worth about $1,395,000. SG Americas Securities LLC raised its holdings in BOX by 420.1% in the first 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 in the last quarter. Quantinno Capital Management LP bought a new position in BOX in the fourth quarter worth about $289,000. GAMMA Investing LLC increased its holdings in shares of BOX by 8,676.2% during the first quarter. GAMMA Investing LLC now owns 127,606 shares of the software maker's stock valued at $4,135,000 after acquiring an additional 126,152 shares in the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of BOX during the fourth quarter valued at about $1,418,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Stock Down 1.5%

BOX traded down $0.49 during trading on Friday, hitting $31.61. 1,795,183 shares of the stock were exchanged, compared to its average volume of 1,453,333. The firm has a market capitalization of $4.55 billion, a P/E 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 stock has a fifty day moving average price of $34.30 and a two-hundred day moving average price of $32.67.

BOX (NYSE:BOX - Get Free Report) last released its earnings results on Tuesday, May 27th. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $274.77 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that Box, Inc. will post 0.27 EPS for the current year.

Insider Activity at BOX

In other BOX news, CEO Aaron Levie sold 15,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the chief executive officer directly owned 2,952,030 shares in the company, valued at approximately $98,450,200.50. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eli Berkovitch sold 3,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $33.34, for a total value of $100,020.00. Following the sale, the vice president owned 133,867 shares in the company, valued at approximately $4,463,125.78. The trade was a 2.19% 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 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BOX has been the topic of several recent analyst reports. UBS Group upgraded shares of BOX from a "buy" rating to a "strong-buy" rating and upped their price objective for the company from $37.00 to $40.00 in a report on Wednesday, May 28th. DA Davidson set a $45.00 price objective on shares of BOX and gave the company a "buy" rating in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of BOX from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. Royal Bank Of Canada increased their price target on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Wednesday, May 28th. Finally, Morgan Stanley reiterated a "positive" rating on shares of BOX in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.50.

BOX Company 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.