Massachusetts Financial Services Co. MA Raises Stock Holdings in Box, Inc. (NYSE:BOX)

Massachusetts Financial Services Co. MA boosted its stake in Box, Inc. (NYSE:BOX) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,229 shares of the software maker’s stock after buying an additional 4,766 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.06% of BOX worth $2,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings 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 buying an additional 560 shares during the period. Connable Office Inc. raised its holdings in BOX by 3.8% in the 2nd quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock valued at $415,000 after buying an additional 573 shares during the period. Creative Planning raised its holdings in BOX by 4.2% in the 3rd quarter. Creative Planning now owns 15,743 shares of the software maker’s stock valued at $515,000 after buying an additional 631 shares during the period. Nisa Investment Advisors LLC raised its holdings in BOX by 31.7% in the 2nd 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 period. Finally, Diversified Trust Co raised its holdings in BOX by 2.9% in the 2nd quarter. Diversified Trust Co now owns 26,980 shares of the software maker’s stock valued at $713,000 after buying an additional 768 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

BOX Stock Down 0.4 %

Shares of BOX opened at $35.51 on Wednesday. The stock has a 50 day moving average price of $32.82 and a 200 day moving average price of $29.49. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 44.95 and a beta of 0.85. Box, Inc. has a 52-week low of $23.29 and a 52-week high of $35.74.

BOX (NYSE:BOX) last announced its quarterly earnings results 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 during 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 firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. On average, equities analysts anticipate that Box, Inc. will post 0.23 EPS for the current fiscal year.

Insider Activity at BOX

In related news, Director Jack R. Lazar sold 7,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 29,197 shares of the company’s stock, valued at $954,157.96. This represents a 19.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Dylan C. Smith sold 13,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 1,461,509 shares of the company’s stock, valued at $49,998,222.89. This trade represents a 0.88 % 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 over the last three months. 4.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BOX has been the subject of several research reports. Citigroup lifted their target price on BOX from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. William Blair reaffirmed an “outperform” rating on shares of BOX in a research report on Thursday, November 14th. Monness Crespi & Hardt raised BOX to a “hold” rating in a research report on Friday, August 16th. StockNews.com raised BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. Finally, Morgan Stanley lifted their target price 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 investment analyst has rated the stock with a sell rating, two have issued 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, the company has an average rating of “Moderate Buy” and an average price target of $31.22.

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.