Sciencast Management LP Purchases New Stake in Box, Inc. (NYSE:BOX)

Sciencast Management LP acquired a new stake in Box, Inc. (NYSE:BOX) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 31,651 shares of the software maker’s stock, valued at approximately $696,000.

Other large investors have also recently modified their holdings of the company. Summit Creek Advisors LLC grew its stake in shares of BOX by 51.8% in the first quarter. Summit Creek Advisors LLC now owns 688,294 shares of the software maker’s stock worth $15,803,000 after purchasing an additional 234,805 shares during the last quarter. Swiss National Bank grew its position in shares of BOX by 1.2% in the 1st quarter. Swiss National Bank now owns 357,700 shares of the software maker’s stock worth $8,213,000 after buying an additional 4,100 shares during the last quarter. Virginia Retirement Systems ET AL increased its stake in shares of BOX by 46.0% during the first quarter. Virginia Retirement Systems ET AL now owns 101,200 shares of the software maker’s stock valued at $2,324,000 after buying an additional 31,900 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in BOX by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,277,356 shares of the software maker’s stock worth $23,057,000 after acquiring an additional 52,321 shares during the period. Finally, Morgan Stanley boosted its holdings in BOX by 339.5% in the fourth quarter. Morgan Stanley now owns 2,955,452 shares of the software maker’s stock valued at $53,346,000 after acquiring an additional 2,283,048 shares in the last quarter. 82.96% of the stock is owned by hedge funds and other institutional investors.

BOX has been the topic of a number of research reports. Raymond James lifted their target price on shares of BOX from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, May 28th. KeyCorp lifted their price objective on BOX from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, March 23rd. DA Davidson decreased their target price on BOX from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 9th. Morgan Stanley raised their target price on BOX from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, April 14th. Finally, TheStreet raised BOX from a “d” rating to a “c-” rating in a research note on Thursday, May 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. BOX currently has an average rating of “Buy” and a consensus target price of $25.00.

BOX stock opened at $25.04 on Friday. The company’s 50 day moving average is $22.76. The company has a market cap of $4.00 billion, a price-to-earnings ratio of -125.19 and a beta of 1.28. Box, Inc. has a twelve month low of $15.07 and a twelve month high of $26.47. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 3.33.

BOX (NYSE:BOX) last released its earnings results on Wednesday, May 26th. The software maker reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $202.40 million for the quarter, compared to analysts’ expectations of $200.43 million. BOX had a negative return on equity of 26.17% and a negative net margin of 4.11%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, equities research analysts predict that Box, Inc. will post -0.38 earnings per share for the current year.

About BOX

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 collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations.

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Institutional Ownership by Quarter for BOX (NYSE:BOX)

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