35,000 Shares in Box, Inc. (NYSE:BOX) Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC purchased a new position in shares of Box, Inc. (NYSE:BOX - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 35,000 shares of the software maker's stock, valued at approximately $1,146,000.

A number of other hedge funds have also added to or reduced their stakes in BOX. US Bancorp DE raised its holdings in shares of BOX by 59.8% during the 1st quarter. US Bancorp DE now owns 44,729 shares of the software maker's stock worth $1,267,000 after buying an additional 16,737 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of BOX by 21.3% in the first quarter. ProShare Advisors LLC now owns 29,735 shares of the software maker's stock worth $842,000 after acquiring an additional 5,224 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of BOX by 7.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,110 shares of the software maker's stock valued at $1,155,000 after purchasing an additional 2,850 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker's stock valued at $490,329,000 after purchasing an additional 2,249,082 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in BOX during the 1st quarter worth approximately $399,000. 86.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at BOX

In other news, Director Jack R. Lazar sold 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 26,697 shares in the company, valued at $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.21, for a total transaction of $444,730.00. Following the transaction, the chief financial officer now owns 1,461,509 shares in the company, valued at approximately $49,998,222.89. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders 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 NYSE BOX traded down $0.75 during trading on Friday, hitting $33.53. 1,601,723 shares of the company traded hands, compared to its average volume of 1,545,018. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 42.44 and a beta of 0.85. The business's fifty day moving average is $32.71 and its 200 day moving average is $29.15. Box, Inc. has a fifty-two week low of $23.29 and a fifty-two week high of $35.07.

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 for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share. On average, analysts predict that Box, Inc. will post 0.23 EPS 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.