Quantbot Technologies LP Takes Position in Box, Inc. (NYSE:BOX)

Quantbot Technologies LP purchased a new stake in Box, Inc. (NYSE:BOX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 87,349 shares of the software maker's stock, valued at approximately $2,859,000. Quantbot Technologies LP owned 0.06% of BOX as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of BOX in the third quarter worth $221,000. Fisher Asset Management LLC lifted its position in shares of BOX by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 164,714 shares of the software maker's stock worth $5,391,000 after purchasing an additional 7,292 shares during the last quarter. Algert Global LLC lifted its holdings in shares of BOX by 80.3% during the third quarter. Algert Global LLC now owns 140,390 shares of the software maker's stock worth $4,595,000 after buying an additional 62,540 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in BOX by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker's stock valued at $44,900,000 after purchasing an additional 134,175 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of BOX by 5.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 89,229 shares of the software maker's stock valued at $2,920,000 after buying an additional 4,766 shares during the period. 86.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at $49,356,740.29. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack R. Lazar sold 2,500 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the transaction, the director now directly owns 26,697 shares of the company's stock, valued at approximately $927,720.75. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,500 shares of company stock valued at $1,711,135. 4.10% of the stock is currently owned by corporate insiders.

BOX Price Performance

NYSE BOX traded down $0.45 on Thursday, hitting $35.06. 1,322,891 shares of the stock were exchanged, compared to its average volume of 1,994,543. The company has a market capitalization of $5.02 billion, a PE ratio of 44.38 and a beta of 0.85. The business's fifty day moving average is $32.90 and its 200 day moving average is $29.59. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $35.74.

BOX (NYSE:BOX - Get Free Report) last announced its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping 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 negative return on equity of 14.41% and a net margin of 13.94%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. Analysts predict that Box, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BOX. Monness Crespi & Hardt upgraded BOX to a "hold" rating in a research note on Friday, August 16th. Morgan Stanley lifted their price objective on BOX from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 5th. William Blair reaffirmed an "outperform" rating on shares of BOX in a research note on Thursday, November 14th. Citigroup upped 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. Finally, StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $31.22.

BOX Company 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.