Natixis Advisors LLC Boosts Stock Holdings in Box, Inc. (NYSE:BOX)

Natixis Advisors LLC grew its position in Box, Inc. (NYSE:BOX - Free Report) by 20.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 382,530 shares of the software maker's stock after acquiring an additional 65,185 shares during the period. Natixis Advisors LLC owned about 0.27% of BOX worth $12,520,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BOX. Quarry LP increased its stake in shares of BOX by 324.6% in 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 in the last quarter. GAMMA Investing LLC increased its position in shares of BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock valued at $44,000 after buying an additional 787 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of BOX during the 2nd quarter worth approximately $53,000. Nisa Investment Advisors LLC lifted its position in shares of BOX by 31.7% during 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 in the last quarter. Finally, Farther Finance Advisors LLC grew 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 valued at $71,000 after acquiring an additional 1,536 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Stock Up 0.1 %

Shares of NYSE:BOX opened at $33.18 on Thursday. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.07. The stock has a market cap of $4.75 billion, a P/E ratio of 42.00 and a beta of 0.85. The business has a fifty day moving average of $32.74 and a two-hundred day moving average of $29.30.

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, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million during 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%. BOX's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. On average, equities analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

BOX has been the subject of a number of research analyst reports. Monness Crespi & Hardt upgraded shares of BOX to a "hold" rating in a research report on Friday, August 16th. Citigroup raised their price target on shares of BOX from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. William Blair reiterated an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. Morgan Stanley raised their target price on BOX from $30.00 to $33.00 and gave the company an "equal weight" rating in a research report on Thursday, September 5th. Finally, UBS Group boosted their price target on BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BOX currently has an average rating of "Moderate Buy" and a consensus price target of $31.22.

Insider Activity at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the company's stock in a transaction on 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 directly owns 1,461,509 shares in the company, valued at $49,998,222.89. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack R. Lazar sold 7,000 shares of the firm'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 transaction, the director now owns 29,197 shares of the company's stock, valued at approximately $954,157.96. This 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 have sold 58,500 shares of company stock worth $1,939,895. Insiders own 4.10% of the company's stock.

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.