36,343 Shares in Box, Inc. (NYSE:BOX) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in Box, Inc. (NYSE:BOX - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 36,343 shares of the software maker's stock, valued at approximately $1,190,000.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in BOX by 143.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker's stock valued at $6,742,000 after purchasing an additional 150,309 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of BOX during the 1st quarter valued at about $1,096,000. Comerica Bank boosted its holdings in shares of 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 last quarter. Bank of Montreal Can boosted its holdings in shares of BOX by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 351,850 shares of the software maker's stock valued at $9,514,000 after acquiring an additional 48,633 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of BOX during the 3rd quarter valued at about $1,221,000. 86.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BOX. Morgan Stanley raised their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, September 5th. Citigroup raised their price objective on shares of BOX from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. StockNews.com raised shares of BOX from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 15th. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 price objective on shares of BOX in a report on Wednesday, August 28th. Finally, Monness Crespi & Hardt upgraded shares of BOX to a "hold" rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.22.

Insider Buying and Selling

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500,661 shares of the company's stock, valued at $49,356,740.29. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 3,009,155 shares of the company's stock, valued at $99,061,382.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,500 shares of company stock worth $1,939,895. Insiders own 4.10% of the company's stock.

BOX Stock Performance

Shares of BOX stock traded down $0.45 on Wednesday, hitting $35.07. 1,322,789 shares of the company traded hands, compared to its average volume of 1,994,543. The stock has a market capitalization of $5.02 billion, a P/E ratio of 44.39 and a beta of 0.85. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $35.74. The business has a 50-day simple moving average of $32.86 and a 200 day simple moving average of $29.55.

BOX (NYSE:BOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm 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 company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. Research analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

About BOX

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.