Algert Global LLC Raises Position in Box, Inc. (NYSE:BOX)

Algert Global LLC raised its position in Box, Inc. (NYSE:BOX) by 80.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 140,390 shares of the software maker’s stock after buying an additional 62,540 shares during the period. Algert Global LLC’s holdings in BOX were worth $4,595,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in shares of BOX by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock worth $44,900,000 after purchasing an additional 134,175 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in BOX by 5.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 89,229 shares of the software maker’s stock worth $2,920,000 after buying an additional 4,766 shares during the last quarter. Integrated Investment Consultants LLC raised its position in BOX by 8.9% in the 3rd quarter. Integrated Investment Consultants LLC now owns 15,542 shares of the software maker’s stock worth $509,000 after purchasing an additional 1,268 shares during the period. Intech Investment Management LLC purchased a new position in shares of BOX in the third quarter worth about $1,190,000. Finally, Pathstone Holdings LLC increased its stake in BOX by 7.3% in the 3rd quarter. Pathstone Holdings LLC now owns 51,813 shares of the software maker’s stock worth $1,696,000 after purchasing an additional 3,532 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BOX shares. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. UBS Group upped their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research note on Friday, August 16th. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $21.00 price objective on shares of BOX in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.22.

Insiders Place Their Bets

In related news, Director Jack R. Lazar sold 2,500 shares of BOX stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the sale, the director now directly owns 26,697 shares in the company, valued at $927,720.75. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total value of $329,200.00. Following the sale, the chief executive officer now owns 3,009,155 shares of the company’s stock, valued at approximately $99,061,382.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,500 shares of company stock valued at $1,939,895 over the last 90 days. Insiders own 4.10% of the company’s stock.

BOX Stock Performance

NYSE:BOX opened at $34.28 on Monday. The firm has a market capitalization of $4.91 billion, a PE ratio of 43.39 and a beta of 0.85. The stock’s fifty day moving average is $32.77 and its 200 day moving average is $29.42. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.07.

BOX (NYSE:BOX) last announced its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts forecast that Box, Inc. will post 0.23 EPS for the current year.

BOX 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.