Versor Investments LP Acquires New Holdings in Box, Inc. (NYSE:BOX)

Versor Investments LP bought a new position in shares of Box, Inc. (NYSE:BOX) during the third quarter, HoldingsChannel reports. The fund bought 37,300 shares of the software maker’s stock, valued at approximately $1,221,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP increased its holdings in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC boosted its position in BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares during the period. Toronto Dominion Bank bought a new stake in BOX during the 2nd quarter worth approximately $53,000. Nisa Investment Advisors LLC increased its position in BOX by 31.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker’s stock valued at $71,000 after acquiring an additional 1,536 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jack R. Lazar sold 7,000 shares of BOX stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the transaction, the director now owns 29,197 shares of the company’s stock, valued at $954,157.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at $99,061,382.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack R. Lazar sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $32.68, for a total transaction of $228,760.00. Following the completion of the transaction, the director now directly owns 29,197 shares in the company, valued at $954,157.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,000 shares of company stock valued at $1,408,290. Corporate insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research report on Friday, August 16th. StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Citigroup boosted their price target on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley increased their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.22.

BOX Price Performance

Shares of BOX stock opened at $34.48 on Tuesday. The business has a 50-day simple moving average of $32.57 and a 200 day simple moving average of $28.95. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 43.65 and a beta of 0.85. Box, Inc. has a one year low of $23.29 and a one year high of $34.63.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $270.04 million for the quarter, compared to analysts’ expectations of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. BOX’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. On average, sell-side analysts expect that Box, Inc. will post 0.23 EPS for the current year.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.