Semanteon Capital Management LP Makes New $1.14 Million Investment in Box, Inc. (NYSE:BOX)

Semanteon Capital Management LP 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 Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,862 shares of the software maker's stock, valued at approximately $1,141,000.

Several other hedge funds have also recently bought and sold shares of BOX. 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. Quarry LP increased its holdings 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 acquiring an additional 1,084 shares in the last quarter. Toronto Dominion Bank acquired a new position in BOX during the second quarter worth about $53,000. Nisa Investment Advisors LLC lifted its holdings in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker's stock valued at $69,000 after purchasing an additional 632 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of BOX during the 2nd quarter worth approximately $95,000. 86.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 15th. Morgan Stanley increased their price objective on BOX from $30.00 to $33.00 and gave the company an "equal weight" rating in a research note on Thursday, September 5th. Citigroup boosted their target price 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. UBS Group raised their price target on shares of BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Finally, Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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 sale, the director now owns 29,197 shares of the company's stock, valued at approximately $954,157.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Aaron Levie sold 10,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.92, for a total transaction of $329,200.00. Following the sale, the chief executive officer now directly owns 3,009,155 shares in the company, valued at approximately $99,061,382.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jack R. Lazar sold 7,000 shares of the business's stock in a transaction that occurred 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 directly owns 29,197 shares in the company, valued at $954,157.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,000 shares of company stock valued at $1,759,940 in the last three months. Corporate insiders own 4.10% of the company's stock.

BOX Stock Down 0.2 %

Shares of BOX traded down $0.05 during mid-day trading on Monday, hitting $32.00. The company had a trading volume of 774,398 shares, compared to its average volume of 2,022,301. Box, Inc. has a 1-year low of $23.29 and a 1-year high of $33.95. The business's 50-day simple moving average is $32.01 and its 200-day simple moving average is $28.52. The stock has a market cap of $4.62 billion, a PE ratio of 43.84 and a beta of 0.85.

BOX (NYSE:BOX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. The company had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. BOX's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.01 EPS. On average, sell-side analysts expect that Box, Inc. will post 0.23 earnings per share for the current year.

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.