Truvestments Capital LLC Invests $221,000 in Box, Inc. (NYSE:BOX)

Truvestments Capital LLC bought a new stake in Box, Inc. (NYSE:BOX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,748 shares of the software maker’s stock, valued at approximately $221,000.

A number of other large investors have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in shares of BOX by 4.6% in the third quarter. Fisher Asset Management LLC now owns 164,714 shares of the software maker’s stock worth $5,391,000 after acquiring an additional 7,292 shares during the last quarter. Algert Global LLC increased its position in BOX by 80.3% during the 3rd quarter. Algert Global LLC now owns 140,390 shares of the software maker’s stock worth $4,595,000 after purchasing an additional 62,540 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in BOX by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,815 shares of the software maker’s stock valued at $44,900,000 after purchasing an additional 134,175 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in BOX by 5.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 89,229 shares of the software maker’s stock valued at $2,920,000 after purchasing an additional 4,766 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in shares of BOX by 8.9% during the 3rd quarter. Integrated Investment Consultants LLC now owns 15,542 shares of the software maker’s stock worth $509,000 after purchasing an additional 1,268 shares during the last quarter. Institutional investors and hedge funds own 86.74% of the company’s stock.

BOX Price Performance

Shares of NYSE:BOX opened at $35.67 on Tuesday. The business has a 50-day moving average of $32.82 and a two-hundred day moving average of $29.49. The firm has a market capitalization of $5.11 billion, a PE ratio of 45.15 and a beta of 0.85. Box, Inc. has a 12 month low of $23.29 and a 12 month high of $35.72.

BOX (NYSE:BOX) last posted its earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, topping 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 net margin of 13.94% and a negative return on equity of 14.41%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. As a group, research analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jack R. Lazar sold 7,000 shares of the stock in a transaction 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 sale, the director now directly owns 29,197 shares in the company, valued at approximately $954,157.96. This represents a 19.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dylan C. Smith sold 13,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $32.89, for a total value of $427,570.00. Following the transaction, the chief financial officer now owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,500 shares of company stock worth $1,939,895 over the last ninety days. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

BOX has been the subject of a number of analyst reports. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. Royal Bank of Canada reiterated an “underperform” rating and issued a $21.00 price target on shares of BOX in a report on Wednesday, August 28th. Morgan Stanley raised their price objective on BOX from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. UBS Group lifted their price objective on BOX from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, StockNews.com upgraded BOX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.22.

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.