BOX (NYSE:BOX) Earns Outperform Rating from William Blair

BOX (NYSE:BOX)‘s stock had its “outperform” rating reaffirmed by stock analysts at William Blair in a research report issued on Thursday,RTT News reports.

Several other research analysts have also recently issued reports on BOX. StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. Monness Crespi & Hardt upgraded BOX to a “hold” rating in a research note on Friday, August 16th. Royal Bank of Canada restated an “underperform” rating and issued a $21.00 price objective on shares of BOX in a research note on Wednesday, August 28th. UBS Group raised their price objective on BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Citigroup lifted their price target on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.22.

BOX Trading Down 2.2 %

BOX opened at $33.53 on Thursday. BOX has a 12-month low of $23.29 and a 12-month high of $35.07. The business’s fifty day simple moving average is $32.71 and its 200-day simple moving average is $29.12. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 42.44 and a beta of 0.85.

BOX (NYSE:BOX) last issued its quarterly earnings data 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. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The company had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. During the same quarter last year, the company earned $0.01 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts predict that BOX will post 0.23 EPS for the current year.

Insider Transactions at BOX

In other BOX news, Director Jack R. Lazar sold 7,000 shares of BOX stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $32.68, for a total value of $228,760.00. Following the sale, the director now owns 29,197 shares in the company, valued at $954,157.96. The trade was a 19.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Levie sold 10,000 shares of BOX stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $32.92, for a total value of $329,200.00. Following the completion of the sale, the chief executive officer now owns 3,009,155 shares in the company, valued at $99,061,382.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,500 shares of company stock valued at $1,939,895 over the last ninety days. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

Several institutional investors and hedge funds have recently modified their holdings of BOX. Russell Investments Group Ltd. raised its holdings in shares of BOX by 7.5% in the 1st quarter. Russell Investments Group Ltd. now owns 529,342 shares of the software maker’s stock valued at $14,994,000 after buying an additional 37,009 shares during the period. US Bancorp DE raised its holdings in shares of BOX by 59.8% in the 1st quarter. US Bancorp DE now owns 44,729 shares of the software maker’s stock valued at $1,267,000 after buying an additional 16,737 shares during the period. ProShare Advisors LLC raised its holdings in shares of BOX by 21.3% in the 1st quarter. ProShare Advisors LLC now owns 29,735 shares of the software maker’s stock valued at $842,000 after buying an additional 5,224 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of BOX by 7.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,110 shares of the software maker’s stock valued at $1,155,000 after buying an additional 2,850 shares during the period. Finally, Vanguard Group Inc. grew its stake in BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after purchasing an additional 2,249,082 shares in the last quarter. Hedge funds and other institutional investors own 86.74% 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.