Algert Global LLC Purchases 62,540 Shares of Box, Inc. (NYSE:BOX)

Algert Global LLC lifted its position in Box, Inc. (NYSE:BOX - Free Report) by 80.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,390 shares of the software maker's stock after acquiring an additional 62,540 shares during the period. Algert Global LLC owned 0.10% of BOX worth $4,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOX. Assenagon Asset Management S.A. raised its holdings in BOX by 143.6% in the second quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker's stock worth $6,742,000 after purchasing an additional 150,309 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of BOX in the 1st quarter worth about $1,096,000. Comerica Bank lifted its position in BOX by 964.7% during the 1st quarter. Comerica Bank now owns 85,081 shares of the software maker's stock valued at $2,409,000 after acquiring an additional 77,090 shares during the period. Bank of Montreal Can boosted its stake in BOX by 16.0% during the second quarter. Bank of Montreal Can now owns 351,850 shares of the software maker's stock worth $9,514,000 after acquiring an additional 48,633 shares in the last quarter. Finally, Versor Investments LP bought a new stake in BOX during the third quarter worth about $1,221,000. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Stock Up 4.1 %

BOX traded up $1.39 during midday trading on Monday, hitting $35.67. 3,296,656 shares of the company traded hands, compared to its average volume of 1,998,470. The company's 50-day moving average is $32.82 and its 200 day moving average is $29.49. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $35.72. The firm has a market capitalization of $5.11 billion, a PE ratio of 45.15 and a beta of 0.85.

BOX (NYSE:BOX - Get Free Report) last issued its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 13.94% and a negative return on equity of 14.41%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share. On average, sell-side analysts predict that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BOX

In other BOX news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $34.75, for a total value of $86,875.00. Following the transaction, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the transaction, the chief financial officer now owns 1,500,661 shares in the company, valued at $49,356,740.29. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

BOX has been the subject of several recent research reports. Royal Bank of Canada reiterated an "underperform" rating and set a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 15th. Monness Crespi & Hardt upgraded BOX to a "hold" rating in a report on Friday, August 16th. Morgan Stanley lifted their price target on BOX from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 5th. Finally, UBS Group increased their price objective on shares of BOX from $31.00 to $34.00 and gave the company a "buy" rating 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.22.

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.