Quest Partners LLC Purchases 36,407 Shares of Box, Inc. (NYSE:BOX)

Quest Partners LLC lifted its stake in Box, Inc. (NYSE:BOX - Free Report) by 1,012.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,003 shares of the software maker's stock after purchasing an additional 36,407 shares during the quarter. Quest Partners LLC's holdings in BOX were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of BOX by 14.9% in the first quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker's stock worth $490,329,000 after buying an additional 2,249,082 shares during the period. Earnest Partners LLC boosted its position in BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker's stock worth $210,487,000 after acquiring an additional 620,450 shares during the period. Sei Investments Co. grew its stake in BOX by 4.2% during the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker's stock valued at $81,405,000 after acquiring an additional 125,435 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker's stock valued at $67,809,000 after purchasing an additional 229,314 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of BOX by 19.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker's stock worth $67,248,000 after purchasing an additional 386,149 shares in the last quarter. Hedge funds and other institutional investors own 86.74% of the company's stock.

Insider Buying and Selling at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $32.52, for a total value of $422,760.00. Following the completion of the transaction, the chief financial officer now owns 1,474,509 shares of the company's stock, valued at $47,951,032.68. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack R. Lazar sold 2,500 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the transaction, the director now owns 26,697 shares of the company's stock, valued at approximately $927,720.75. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,500 shares of company stock valued at $1,939,895 in the last quarter. Corporate insiders own 4.10% of the company's stock.

BOX Stock Performance

Shares of BOX traded up $0.03 during mid-day trading on Wednesday, hitting $33.18. The company's stock had a trading volume of 1,358,249 shares, compared to its average volume of 1,981,430. The stock's 50-day moving average is $32.74 and its two-hundred day moving average is $29.27. The firm has a market capitalization of $4.75 billion, a PE ratio of 41.67 and a beta of 0.85. Box, Inc. has a one year low of $23.29 and a one year 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. The firm had revenue of $270.04 million during 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 period in the prior year, the firm earned $0.01 EPS. Analysts expect that Box, Inc. will post 0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

BOX has been the topic of a number of research analyst reports. Monness Crespi & Hardt raised shares of BOX to a "hold" rating in a research report on Friday, August 16th. Morgan Stanley upped their price target on shares of BOX from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 5th. StockNews.com raised BOX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 15th. Citigroup upped their target price on BOX from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Finally, William Blair reiterated an "outperform" rating on shares of BOX in a report on Thursday, November 14th. 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, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.