Pathstone Holdings LLC Acquires 3,532 Shares of Box, Inc. (NYSE:BOX)

Pathstone Holdings LLC raised its holdings in Box, Inc. (NYSE:BOX) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,813 shares of the software maker’s stock after buying an additional 3,532 shares during the period. Pathstone Holdings LLC’s holdings in BOX were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BOX. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in BOX by 3.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock valued at $419,000 after acquiring an additional 560 shares in the last quarter. Connable Office Inc. lifted its holdings in shares of BOX by 3.8% in the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after purchasing an additional 573 shares in the last quarter. Creative Planning lifted its holdings in shares of BOX by 4.2% in the third quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after purchasing an additional 631 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in BOX by 31.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock worth $69,000 after buying an additional 632 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in BOX by 2.9% during the second quarter. Diversified Trust Co now owns 26,980 shares of the software maker’s stock worth $713,000 after buying an additional 768 shares in the last quarter. 86.74% of the stock is currently owned by institutional investors and hedge funds.

BOX Price Performance

NYSE:BOX opened at $35.07 on Thursday. The company has a market capitalization of $5.02 billion, a P/E ratio of 44.39 and a beta of 0.85. The business has a fifty day simple moving average of $32.86 and a two-hundred day simple moving average of $29.55. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $35.74.

BOX (NYSE:BOX) last announced its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $270.04 million during 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 revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. As a group, analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jack R. Lazar sold 2,500 shares of the 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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of BOX 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 transaction, the chief financial officer now directly owns 1,474,509 shares of the company’s stock, valued at $47,951,032.68. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock worth $1,711,135 over the last quarter. 4.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group lifted their price objective on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley upped their price objective on shares of 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 reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.22.

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.