Box, Inc. (NYSE:BOX) Shares Bought by XTX Topco Ltd

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC bought a new position in shares of BOX during the first quarter valued at $1,395,000. SG Americas Securities LLC grew its stake in shares of 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 acquiring an additional 24,286 shares during the period. Quantinno Capital Management LP purchased a new position in shares of BOX during the fourth quarter valued at approximately $289,000. GAMMA Investing LLC raised 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 purchasing an additional 126,152 shares during the last quarter. Finally, Integrated Quantitative Investments LLC bought a new position in BOX during the fourth quarter valued at approximately $1,418,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Down 1.2%

BOX traded down $0.39 during trading on Tuesday, reaching $31.60. The company's stock had a trading volume of 404,514 shares, compared to its average volume of 1,901,414. Box, Inc. has a 1 year low of $26.05 and a 1 year high of $38.80. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 24.48 and a beta of 0.96. The firm has a fifty day simple moving average of $34.32 and a two-hundred day simple moving average of $32.68.

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, 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 during the quarter, compared to analysts' expectations of $274.77 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Box, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BOX. Raymond James Financial reiterated 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, May 28th. Wall Street Zen downgraded BOX from a "buy" rating to a "hold" rating in a research report on Sunday, June 29th. DA Davidson set a $45.00 target price on shares of BOX and gave the stock a "buy" rating in a report on Wednesday, May 28th. Royal Bank Of Canada upped their price target on shares of BOX from $21.00 to $24.00 and gave the stock an "underperform" rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley reiterated a "positive" rating on shares of BOX in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BOX presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

Insider Buying and Selling

In other BOX news, Director Daniel J. Levin sold 37,499 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $36.74, for a total value of $1,377,713.26. Following the sale, the director directly owned 51,530 shares in the company, valued at $1,893,212.20. This trade represents a 42.12% 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, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction on 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 directly owned 1,520,550 shares of the company's stock, valued at approximately $47,927,736. This trade represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,925 shares of company stock valued at $3,817,023 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

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.