BOX (NYSE:BOX) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of BOX (NYSE:BOX) from a buy rating to a strong-buy rating in a research report report published on Thursday.

A number of other equities research analysts have also recently weighed in on BOX. Oppenheimer restated an outperform rating and issued a $35.00 price target on shares of BOX in a research note on Wednesday, May 29th. UBS Group decreased their price objective on shares of BOX from $34.00 to $31.00 and set a buy rating on the stock in a report on Wednesday, May 29th. Morgan Stanley cut their target price on shares of BOX from $32.00 to $30.00 and set an equal weight rating for the company in a research note on Wednesday, May 29th. Finally, Royal Bank of Canada reiterated an underperform rating and issued a $21.00 price target on shares of BOX in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $30.33.

BOX Trading Up 0.4 %

NYSE BOX opened at $28.12 on Thursday. The firm’s fifty day moving average price is $26.60 and its two-hundred day moving average price is $26.92. BOX has a 1 year low of $23.29 and a 1 year high of $30.94. The firm has a market capitalization of $4.06 billion, a P/E ratio of 38.52 and a beta of 0.86.

BOX (NYSE:BOX) last issued its earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. The company had revenue of $264.66 million for the quarter, compared to analysts’ expectations of $261.65 million. On average, research analysts anticipate that BOX will post 0.19 EPS for the current fiscal year.

Insider Transactions at BOX

In other BOX news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the transaction, the chief financial officer now directly owns 1,526,661 shares of the company’s stock, valued at approximately $38,120,725.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $24.97, for a total value of $324,610.00. Following the completion of the transaction, the chief financial officer now directly owns 1,526,661 shares in the company, valued at approximately $38,120,725.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eli Berkovitch sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $25.90, for a total transaction of $85,470.00. Following the sale, the vice president now directly owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,560 shares of company stock valued at $1,556,440. 4.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. grew its holdings in shares of BOX by 2.1% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 18,189 shares of the software maker’s stock valued at $466,000 after purchasing an additional 376 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of BOX by 3.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,831 shares of the software maker’s stock worth $419,000 after buying an additional 560 shares during the last quarter. Connable Office Inc. increased its holdings in shares of BOX by 3.8% during the second quarter. Connable Office Inc. now owns 15,707 shares of the software maker’s stock worth $415,000 after buying an additional 573 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 632 shares during the last quarter. Finally, Renaissance Group LLC boosted its holdings in shares of BOX by 1.0% during the 4th quarter. Renaissance Group LLC now owns 70,731 shares of the software maker’s stock valued at $1,812,000 after acquiring an additional 671 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

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 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.