Versor Investments LP Acquires New Position in Box, Inc. (NYSE:BOX)

Versor Investments LP bought a new position in shares of Box, Inc. (NYSE:BOX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 37,300 shares of the software maker's stock, valued at approximately $1,221,000.

Other institutional investors have also modified their holdings of the company. Quarry LP grew its holdings in 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 buying an additional 1,084 shares in the last quarter. GAMMA Investing LLC increased its holdings in BOX by 143.1% in the third quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker's stock worth $44,000 after purchasing an additional 787 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of BOX during the second quarter valued at approximately $53,000. Nisa Investment Advisors LLC boosted its position in shares of BOX by 31.7% during the second 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 during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of BOX by 245.4% during the third quarter. Farther Finance Advisors LLC now owns 2,162 shares of the software maker's stock valued at $71,000 after buying an additional 1,536 shares during the last quarter. Institutional investors own 86.74% of the company's stock.

BOX Price Performance

Shares of NYSE:BOX traded down $0.25 on Tuesday, reaching $34.23. The company's stock had a trading volume of 2,882,969 shares, compared to its average volume of 1,996,444. The stock's 50-day moving average is $32.57 and its two-hundred day moving average is $28.95. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.01. The stock has a market capitalization of $4.90 billion, a P/E ratio of 43.65 and a beta of 0.85.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com upgraded BOX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 15th. Citigroup increased their target price on BOX from $32.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. UBS Group increased their price objective on BOX from $31.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th. Royal Bank of Canada reissued an "underperform" rating and issued a $21.00 target price on shares of BOX in a research report on Wednesday, August 28th. Finally, Morgan Stanley raised their price objective on BOX from $30.00 to $33.00 and gave the company an "equal weight" rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.22.

Insider Buying and Selling

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 transaction of $422,760.00. Following the completion of the transaction, the chief financial officer now directly owns 1,474,509 shares of the company's stock, valued at $47,951,032.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Jack R. Lazar sold 7,000 shares of BOX stock in a transaction 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 sale, the director now owns 29,197 shares of the company's stock, valued at $954,157.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $32.52, for a total transaction of $422,760.00. Following the sale, the chief financial officer now directly owns 1,474,509 shares in the company, valued at $47,951,032.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,000 shares of company stock valued at $1,408,290 over the last ninety days. Corporate insiders own 4.10% of the company's stock.

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.