Los Angeles Capital Management LLC Acquires New Stake in Box, Inc. (NYSE:BOX)

Los Angeles Capital Management LLC bought a new position in shares of Box, Inc. (NYSE:BOX) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 22,201 shares of the software maker’s stock, valued at approximately $727,000.

A number of other institutional investors have also added to or reduced their stakes in BOX. GAMMA Investing LLC grew its holdings in shares of BOX by 143.1% during 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. Quarry LP grew its stake in BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares in the last quarter. Toronto Dominion Bank bought a new position in shares of BOX in the 2nd quarter worth $53,000. Farther Finance Advisors LLC raised its position in shares of BOX by 245.4% during the 3rd 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 in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings 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 worth $69,000 after acquiring an additional 632 shares during the last quarter. 86.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BOX

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.21, for a total value of $444,730.00. Following the sale, the chief financial officer now owns 1,461,509 shares in the company, valued at $49,998,222.89. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack R. Lazar sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total transaction of $86,875.00. Following the completion of the transaction, the director now owns 26,697 shares of the company’s stock, valued at $927,720.75. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,500 shares of company stock valued at $1,939,895 in the last 90 days. Insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BOX. Monness Crespi & Hardt raised BOX to a “hold” rating in a research note on Friday, August 16th. UBS Group increased their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. William Blair reiterated an “outperform” rating on shares of BOX in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.22.

BOX Stock Down 2.2 %

NYSE:BOX opened at $33.53 on Friday. The firm has a market capitalization of $4.80 billion, a P/E ratio of 42.44 and a beta of 0.85. The company has a fifty day moving average of $32.71 and a 200 day moving average of $29.12. Box, Inc. has a 52 week low of $23.29 and a 52 week high of $35.07.

BOX (NYSE:BOX) last released its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $270.04 million for 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%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. As a group, analysts anticipate that Box, Inc. will post 0.23 EPS for the current year.

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.