Intech Investment Management LLC Makes New Investment in Box, Inc. (NYSE:BOX)

Intech Investment Management LLC purchased a new stake in shares of Box, Inc. (NYSE:BOX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,343 shares of the software maker’s stock, valued at approximately $1,190,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BOX. Assenagon Asset Management S.A. grew its position in BOX by 143.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 254,975 shares of the software maker’s stock valued at $6,742,000 after purchasing an additional 150,309 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of BOX during the first quarter valued at approximately $1,096,000. Comerica Bank increased its position in shares of BOX by 964.7% during the first quarter. Comerica Bank now owns 85,081 shares of the software maker’s stock valued at $2,409,000 after acquiring an additional 77,090 shares in the last quarter. Bank of Montreal Can raised its holdings in BOX by 16.0% in the 2nd quarter. Bank of Montreal Can now owns 351,850 shares of the software maker’s stock worth $9,514,000 after acquiring an additional 48,633 shares during the last quarter. Finally, Versor Investments LP bought a new position in BOX in the 3rd quarter valued at approximately $1,221,000. 86.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total transaction of $427,570.00. Following the sale, the chief financial officer now owns 1,500,661 shares of the company’s stock, valued at approximately $49,356,740.29. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack R. Lazar sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $34.75, for a total value of $86,875.00. Following the completion of the transaction, the director now directly owns 26,697 shares in the company, valued at approximately $927,720.75. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,500 shares of company stock valued at $1,939,895. 4.10% of the stock is owned by corporate insiders.

BOX Price Performance

NYSE:BOX opened at $35.51 on Wednesday. Box, Inc. has a one year low of $23.29 and a one year high of $35.74. The business has a fifty day moving average price of $32.82 and a 200-day moving average price of $29.49. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 44.95 and a beta of 0.85.

BOX (NYSE:BOX) last posted its quarterly earnings data on Tuesday, August 27th. The software maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $270.04 million for the quarter, compared to the consensus estimate of $269.52 million. BOX had a negative return on equity of 14.41% and a net margin of 13.94%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. On average, equities research analysts expect that Box, Inc. will post 0.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BOX shares. Morgan Stanley boosted their price target on 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 upgraded shares of BOX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th. William Blair reiterated an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Monness Crespi & Hardt upgraded shares of BOX to a “hold” rating in a research report on Friday, August 16th. Finally, UBS Group raised their target price on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.