BOX (NYSE:BOX) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of BOX (NYSE:BOX) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.

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

BOX Trading Up 0.5 %

Shares of NYSE:BOX traded up $0.15 on Thursday, hitting $28.16. The company had a trading volume of 153,734 shares, compared to its average volume of 1,882,127. The stock has a 50 day moving average price of $26.57 and a 200 day moving average price of $26.90. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 38.45 and a beta of 0.86. BOX has a 1-year low of $23.29 and a 1-year high of $30.94.

BOX (NYSE:BOX) last posted its quarterly earnings results on Tuesday, May 28th. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $264.66 million during the quarter, compared to the consensus estimate of $261.65 million. BOX had a net margin of 13.13% and a negative return on equity of 11.71%. Sell-side analysts anticipate that BOX will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at BOX

In other news, VP Eli Berkovitch sold 3,300 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $25.90, for a total transaction of $85,470.00. Following the transaction, the vice president now directly owns 152,372 shares of the company’s stock, valued at approximately $3,946,434.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other BOX news, VP Eli Berkovitch sold 3,300 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $25.90, for a total transaction of $85,470.00. Following the transaction, the vice president now owns 152,372 shares of the company’s stock, valued at $3,946,434.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bethany Mayer sold 4,760 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $26.48, for a total transaction of $126,044.80. Following the completion of the transaction, the director now owns 58,731 shares in the company, valued at approximately $1,555,196.88. The disclosure for this sale can be found here. Insiders have sold a total of 59,560 shares of company stock worth $1,556,440 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On BOX

A number of institutional investors have recently made changes to their positions in BOX. Vanguard Group Inc. boosted its position in BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after acquiring an additional 2,249,082 shares during the period. Earnest Partners LLC boosted its stake in shares of BOX by 8.5% during the 2nd quarter. Earnest Partners LLC now owns 7,960,924 shares of the software maker’s stock worth $210,487,000 after acquiring an additional 620,450 shares in the last quarter. Sei Investments Co. lifted its position in shares of BOX by 4.2% in the 2nd quarter. Sei Investments Co. now owns 3,078,857 shares of the software maker’s stock worth $81,405,000 after acquiring an additional 125,435 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of BOX by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,564,668 shares of the software maker’s stock worth $67,809,000 after acquiring an additional 229,314 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of BOX by 19.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,374,580 shares of the software maker’s stock worth $67,248,000 after acquiring an additional 386,149 shares during the period. 86.74% of the stock is currently owned by institutional investors.

BOX Company Profile

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.