22,201 Shares in Box, Inc. (NYSE:BOX) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new position in Box, Inc. (NYSE:BOX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,201 shares of the software maker's stock, valued at approximately $727,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP raised its stake in BOX by 324.6% during the 2nd 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 period. GAMMA Investing LLC grew its stake 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 acquiring an additional 787 shares in the last quarter. Toronto Dominion Bank purchased a new position in BOX during the second quarter valued at $53,000. Nisa Investment Advisors LLC increased its holdings 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 last quarter. Finally, Farther Finance Advisors LLC lifted its stake in BOX by 245.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock worth $71,000 after purchasing an additional 1,536 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors.

BOX Stock Performance

Shares of NYSE BOX traded down $0.75 during mid-day trading on Friday, reaching $33.53. 1,601,723 shares of the company's stock were exchanged, compared to its average volume of 1,990,719. The company's 50-day moving average is $32.71 and its 200-day moving average is $29.12. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 42.44 and a beta of 0.85. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.07.

BOX (NYSE:BOX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 EPS 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 company had revenue of $270.04 million during the quarter, compared to analysts' expectations of $269.52 million. During the same quarter last year, the company posted $0.01 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts predict that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the sale, the chief financial officer now directly owns 1,461,509 shares of the company's stock, valued at approximately $49,998,222.89. This represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack R. Lazar sold 7,000 shares of the business's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the completion of the transaction, the director now directly owns 29,197 shares of the company's stock, valued at approximately $954,157.96. This trade represents a 19.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,500 shares of company stock valued at $1,939,895. Insiders own 4.10% of the company's stock.

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.