Aspiriant LLC Raises Stake in Box Inc (NYSE:BOX)
Aspiriant LLC grew its stake in shares of Box Inc (NYSE:BOX) by 7.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,083 shares of the software maker’s stock after purchasing an additional 3,412 shares during the quarter. Aspiriant LLC’s holdings in BOX were worth $780,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new stake in BOX in the second quarter worth about $26,000. Bartlett & Co. LLC purchased a new stake in BOX in the third quarter worth about $33,000. Valeo Financial Advisors LLC lifted its stake in BOX by 756.3% in the second quarter. Valeo Financial Advisors LLC now owns 2,055 shares of the software maker’s stock worth $36,000 after acquiring an additional 1,815 shares during the period. Truvestments Capital LLC purchased a new stake in BOX in the second quarter worth about $52,000. Finally, Westside Investment Management Inc. purchased a new stake in BOX in the second quarter worth about $17,790,000. 71.38% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Kimberly Hammonds sold 3,328 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $15.97, for a total transaction of $53,148.16. Following the transaction, the director now owns 6,658 shares in the company, valued at $106,328.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.70% of the company’s stock.
BOX (NYSE:BOX) last posted its quarterly earnings data on Wednesday, August 28th. The software maker reported ($0.25) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.01. BOX had a negative net margin of 20.29% and a negative return on equity of 491.54%. The firm had revenue of $172.50 million for the quarter, compared to the consensus estimate of $169.49 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities analysts predict that Box Inc will post -0.99 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of BOX from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Co set a $20.00 price target on shares of BOX and gave the company a “buy” rating in a research report on Wednesday, September 4th. Berenberg Bank began coverage on shares of BOX in a research report on Thursday, October 10th. They set a “hold” rating and a $18.00 price target for the company. First Analysis lowered shares of BOX from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $14.00 in a research report on Thursday, August 29th. Finally, DA Davidson increased their price target on shares of BOX to $21.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.29.
Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere or any device. The company's Software-as-a-Service platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
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