Box, Inc. (NYSE:BOX) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its holdings in Box, Inc. (NYSE:BOX - Free Report) by 23.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,214 shares of the software maker's stock after selling 23,555 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.05% of BOX worth $2,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in BOX by 143.1% during the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock valued at $44,000 after purchasing an additional 787 shares during the period. Quarry LP lifted its position in BOX by 324.6% during the second quarter. Quarry LP now owns 1,418 shares of the software maker's stock valued at $37,000 after purchasing an additional 1,084 shares during the last quarter. Toronto Dominion Bank bought a new position in BOX during the second quarter valued at $53,000. Farther Finance Advisors LLC lifted its stake in shares of BOX by 245.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock worth $71,000 after acquiring an additional 1,536 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted 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 buying an additional 632 shares during the period. Hedge funds and other institutional investors own 86.74% of the company's stock.

BOX Stock Performance

Shares of BOX traded up $0.96 during mid-day trading on Monday, hitting $35.24. 1,209,160 shares of the company were exchanged, compared to its average volume of 1,989,315. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $35.33. The company has a 50 day moving average of $32.77 and a 200-day moving average of $29.42. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 44.37 and a beta of 0.85.

BOX (NYSE:BOX - Get Free Report) last announced 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 in the previous year, the company posted $0.01 EPS. Research analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on BOX. UBS Group boosted their price target on shares of BOX from $31.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Monness Crespi & Hardt upgraded shares of BOX to a "hold" rating in a report on Friday, August 16th. Royal Bank of Canada reaffirmed an "underperform" rating and set a $21.00 price target on shares of BOX in a research report on Wednesday, August 28th. StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. Finally, Citigroup lifted their target price on BOX from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.22.

Insider Activity

In related news, Director Jack R. Lazar sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were 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 owns 29,197 shares of the company's stock, valued at approximately $954,157.96. This trade represents a 19.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Levie sold 10,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the sale, the chief executive officer now owns 3,009,155 shares in the company, valued at $99,061,382.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is currently owned by insiders.

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.