New York State Common Retirement Fund Increases Stake in Box, Inc. (BOX)
New York State Common Retirement Fund grew its holdings in Box, Inc. (NYSE:BOX) by 183.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 276,041 shares of the software maker’s stock after buying an additional 178,493 shares during the period. New York State Common Retirement Fund owned 0.21% of BOX worth $5,333,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of BOX by 79.0% in the second quarter. Vanguard Group Inc. now owns 7,977,960 shares of the software maker’s stock valued at $145,518,000 after buying an additional 3,521,030 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of BOX by 31.2% in the third quarter. First Trust Advisors LP now owns 3,752,080 shares of the software maker’s stock valued at $72,490,000 after buying an additional 892,742 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of BOX by 3,627.5% in the second quarter. Wells Fargo & Company MN now owns 3,462,849 shares of the software maker’s stock valued at $63,162,000 after buying an additional 3,369,948 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of BOX by 62.5% in the second quarter. Renaissance Technologies LLC now owns 2,510,200 shares of the software maker’s stock valued at $45,786,000 after buying an additional 965,800 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of BOX in the second quarter valued at about $32,382,000. 62.23% of the stock is owned by institutional investors and hedge funds.
Box, Inc. (NYSE BOX) opened at $20.64 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.53. Box, Inc. has a 1 year low of $13.56 and a 1 year high of $24.10. The firm has a market cap of $2,810.00 and a PE ratio of -17.20.
BOX (NYSE:BOX) last issued its earnings results on Wednesday, November 29th. The software maker reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). BOX had a negative net margin of 33.20% and a negative return on equity of 313.90%. The company had revenue of $129.30 million for the quarter, compared to analyst estimates of $128.67 million. During the same period in the prior year, the business posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. equities analysts anticipate that Box, Inc. will post -1.17 EPS for the current fiscal year.
In other BOX news, Director Rory O’driscoll sold 3,600 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction of $66,636.00. 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 dated Tuesday, October 10th. The stock was sold at an average price of $19.06, for a total transaction of $247,780.00. The disclosure for this sale can be found here. Insiders have sold 1,941,054 shares of company stock worth $39,609,413 over the last 90 days. 22.30% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on BOX shares. Drexel Hamilton reissued a “buy” rating and set a $28.00 price target on shares of BOX in a report on Monday, August 28th. Mitsubishi UFJ Financial Group raised shares of BOX to an “overweight” rating and increased their price target for the stock from $23.00 to $24.00 in a report on Thursday, August 31st. Rosenblatt Securities reissued a “buy” rating and set a $25.00 price target on shares of BOX in a report on Friday, September 1st. Oppenheimer reissued an “outperform” rating and set a $22.00 price target on shares of BOX in a report on Sunday, September 3rd. Finally, UBS Group raised shares of BOX from a “market perform” rating to an “outperform” rating and set a $26.00 price target for the company in a report on Monday, September 25th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. BOX currently has an average rating of “Buy” and a consensus price target of $24.24.
BOX Company Profile
Box, Inc provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. With the Company’s Software-as-a-Service (SaaS) cloud-based platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations.
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